Abstract
This paper gives an overview of the study “Financially Sustainable Universities II: European Universities Diversifying Income Sources” led by the European University Association between 2008 and 2011. It describes how European universities are currently financed, and looks into the sector’s expectations for future evolutions. It also analyses the many different barriers currently preventing universities from pursuing additional income streams and the possible drivers for stimulating income diversification. To address different funding challenges, including often declining public investment, universities need to proactively design their own strategies. Future financial sustainability depends not only on reliable, sufficient public funding, but also on the autonomy and support necessary to successfully explore complementary funding options.
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Notes
- 1.
This paper draws from the report Financially sustainable universities II: European universities diversifying income streams published by EUA in 2011. The present contribution is an adaptation of the paper first published in Beiträge zur Hochschulforschung, 2/2011 available at: http://www.eua.be/pubs/Beiträge_zur_Hochschulforschung.pdf
- 2.
The report “Financially sustainable universities II: European universities diversifying income streams” is available on EUA’s website: www.eua.be/eudis
- 3.
See below “the impact of the economic crisis”.
- 4.
European Universities Implementing the Modernisation Agenda – EUA project co-financed by the European Commission under the 7th Framework Programme for Research and Development (2009–2011).
References
Estermann, T., & Bennetot Pruvot, E. (2011). Financially sustainable universities II: European universities diversifying income streams. Brussels: European University Association.
Estermann, T., & Nokkala, T. (2008). University autonomy in Europe I: Exploratory study. Brussels: European University Association.
Motion, J., & Beney, A. (2011). Income diversification through philanthropy in UK higher education. Beiträge zur Hochschulforschung, vol. 2, 58–67.
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© 2012 Springer Science+Business Media Dordrecht
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Pruvot, E.B., Estermann, T. (2012). European Universities Diversifying Income Streams. In: Curaj, A., Scott, P., Vlasceanu, L., Wilson, L. (eds) European Higher Education at the Crossroads. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-3937-6_38
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DOI: https://doi.org/10.1007/978-94-007-3937-6_38
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