Details of the recurrent funding allocated to Waterford Institute of Technology (WIT) for the years requested is set out in the following table.
The reality of the economic situation and the public expenditure corrections which had to be made in recent years presented challenges across all areas of public expenditure, including in higher education institutions such as WIT.
An Expert Group, chaired by Peter Cassells, is currently examining future funding options for higher education. The objective is to identify a range of approaches that, combined, will achieve a sustainable funding base to address the continual expansion of the sector while protecting the quality of education.
Recurrent funding allocated by the Higher Education Authority to Waterford Institute of Technology
Year
|
Total
|
-
|
€
|
2010
|
41,569,336
|
2011
|
40,067,418
|
2012
|
37,364,225
|
2013
|
34,697,002
|
2014
|
31,496,432
|
2015: Core grant funding of €26,508,662 has been allocated to the Institute for 2015, free fees funding is not yet allocated
Note: Recurrent funding includes core grant and free fees funding