Loughborough University is a public research university in the market town of Loughborough, Leicestershire, England. It has been a university since 1966, but it dates back to 1909, when Loughborough Technical Institute began with a focus on skills directly applicable in the wider world. In March 2013, the university announced it had bought the former broadcast centre at the Queen Elizabeth Olympic Park as a second campus. The annual income of the institution for 2022–23 was £369.1 million, of which £48.3 million was from research grants and contracts, with an expenditure of £339.1 million.