Financial sustainability is the biggest existential threat facing higher education today. In the United Kingdom, the universities in deficit have almost quintupled in the last five years, from 24 in 2015/16 to 119 in 2018/19. The COVID-19 pandemic has exacerbated this challenge, with London Economics predicting that universities will be hit by a $3bn shortfall this academic year.
In collaboration with HackerU and Emerge Education, Jisc has released a report charting how universities can enhance revenue diversification, by using technology to its best potential. The report shares technology-enabled revenue diversification strategies, and what organizations need to do to make them work.
This report, developed through conversations with 30+ university senior leaders, edtech startup founders and sector experts, is part of a series from Jisc and Emerge Education examining the most urgent priorities to be faced by university senior leaders over the next three years.
We hope this report will stimulate thought and debate, and help prepare your university as we move into the post-pandemic world.
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