In 2015, the Executive board will use two million euros from the university’s equity to be able to present a balanced budget. The Supervisory Board already agreed, and last Monday the University Council followed suit.

It’s a combination of factors that has necessitated the use of equity this year. These include the current housing projects, the growing number of students, and investments for the Bachelor College and Graduate School.

Over the next year, the university also wants to reinforce collaboration with the industry, and attract national and European funds for public-private research and innovation programs. To that end, extra investments in data science, high tech systems, and high tech materials are required.

Then there’s the Impulse Program, for which TU/e works with the industry to create extra PhD positions. Extra money must be made available for the further development of the TU/e Science Park, too.

To warrant investments for progressive digitalization and improvement of ICT processes and systems next year, the Executive Board decided to draw on 2.5 million euros from the budgets of departments and services.

The Supervisory Board has also agreed that from 2015 through 2018, the Board may resort to a maximum of two million euros from TU/e equity annually, for financing of the Impulse Program and pre-funding educational expansion.