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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
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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