Diversifying the Financial Base of European Universities

February 22, 2011

European universities, once seen as entirely supported by their governments, are already relying on diversified funding sources -- but want more flexibility to raise still more money from non-government sources. That is the conclusion of a report being released today by the European University Association. According to the report, public funding accounts for only 73 percent of university budgets, on average, and a majority of universities in Europe already receive more than 10 percent of revenue from sources other than their governments or tuition. While many universities want to raise more money from business contracts and philanthropy, they report that government regulations are often a barrier to doing so, the report says.

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