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Explore governance strategies and funding diversification in European universities with case studies from leading institutions. Gain insights on challenges, opportunities, and best practices in revenue generation and leadership commitment to financial sustainability.
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Illustrations from European universities Enora Bennetot Pruvot Programme Manager Governance, Autonomy & Funding “Governance and Diversification of Funding in Higher Education” University of Cyprus 09.03.2011
Site visits • Objectives: • Collect qualitative data on non-measurable aspects • Ask more specific questions • Validate or infirm hypotheses or get more information on points taken out of the quantitative sample • Meet different members of the leadership team to have complete overview
University of MaastrichtAnalysing challenges & creating opportunities • Leadership understanding and commitment to diversification agenda • Self image: “outsider”; “young”; “different” has shaped response to diversification agenda • Internationalisation – a key theme of revenue diversification strategy rooted in academic strategy • Partnerships with industry and regional government stakeholders • Fundraising – regional approach
Technical University of DarmstadtThe importance of framework conditions • 100% increase in third party income over the last 8 years • Co-funding as a major threat to financial sustainability • 1/3 additional income by DFG = 20% overhead cost • 1/3 additional income by Federal funding = 0% overhead cost • 1/3 additional income by industry = 10 -20% overhead cost split between central management and industries • Autonomy without means • 20 million € state money for buildings – barely sufficient for maintainance
Loughborough University Developing activities respectful of the university’s ethos • Revenue diversification – a core strategy aimed at progressing its differentiated academic goals • Commercial activities – conferencing, contract research – in line with the missions and activities of the university • Leadership commitment to the strategy is very evident (fundraising – priority of the incoming Vice-Chancellor)
University of Warsaw Challenges of European funding • Trend towards more regulation and micro-management • Absence of freedom for internal allocation of funds • Diversify to bypass legal issues & diminish dependence • Most potential: European structural funds, but challenges: • Complexity of structural funds management • Co-funding issue • Issue of skills/expertise (legal/accountancy)
Trinity College Dublin Professionalisation & development of support functions • Income diversification through incentives (spin-offs / entrepreneurship) • Aim to increase EU funding => investment in support staff capacity • Professionalisation of the finance function • Professionalisation of the facility management • Cost management