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The University of Manchester is a public research university in Manchester, England, formed in 2004 by the merger of the University of Manchester Institute Science and Technology and the Victoria University of Manchester. The University of Manchester is a red brick university, a product of the civic university movement of the late-19th century. The main campus is south of Manchester city centre on Oxford Road. In 2015/16, the university had 39,700 students and 10,400 staff, making it the second largest university in the UK (out of 166 including the Open University), and the largest single-site university. The university had an income of £987.2 million in 2015–16, of which £273.5 million was from research grants and contracts. It has the third largest endowment of any university in England, after the universities of Cambridge and Oxford. It is a member of the worldwide Universities Research Association, the Russell Group of British research universities and the N8 Group. The medical college was established in 1874 and is one of the largest in the country, with more than 400 medical students trained in each clinical year and more than 350 students in the pre-clinical/phase 1 years. The University of Manchester was divided into four faculties, but from 1 August 2016 it was restructured into three faculties, each sub-divided into schools. On 25 June 2015 Manchester University announced the results of a review of the position of life sciences as a separate faculty. As a result of this review the Faculty of Life Sciences was to be dismantled, most of its personnel to be incorporated into a single medical/biological faculty, with a substantial minority being incorporated into a science and engineering faculty The campus occupies an area shaped roughly like a boot: the foot of which is aligned roughly south-west to north-east and is joined to the broader southern part of the boot by an area of overlap between former UMIST and former VUM buildings, it comprises two parts: • North campus or Sackville Street Campus, centred on Sackville Street • South campus or Oxford Road Campus, centred on Oxford Road. The University of Manchester is a major centre for research and a member of the Russell Group of leading British research universities.In the first national assessment of higher education research since the universitys founding, the 2008 Research Assessment Exercise, the university was ranked third in terms of research power (after Cambridge and Oxford) and sixth for grade point average quality among multi-faculty institutions(eighth when including specialist institutions).Manchester has the fifth largest research income of any British university (after Oxford, Imperial, UCL and Cambridge). (these five universities have been informally referred to as the "golden diamond" of research-intensive UK institutions).Manchester has a strong record in terms of securing funding from the three main UK research councils, EPSRC, MRC and BBSRC, being ranked fifth, seventh and first respectively. In addition, the university is one of the richest in the UK in terms of income and interest from endowments: a recent estimate placed it third, surpassed only by Oxford and Cambridge. Despite recent severe cuts in higher education Manchester remains at second place behind Oxford nationally in terms of total recurrent grants allocated by the HEFCE.