Trinity College earns about €17 million a year from the Book of Kells. While this is only about 4 per cent of its total income, it is vital free cash in a tight funding landscape. Photograph: Dara Mac DónaillIt earns about €17 million a year from the Book of Kells and while this is only about 4 per cent of total income, it is vital free cash in a tight funding picture. Much of– from the State and student fees – is in effect recycled as expenditure in paying staff and providing education.
Policy in the last few years has been driven more by populist measures to cut the costs of access to third level, but little to address the funding shortfall facing the sector.
The research agenda, meanwhile, is facing some uncertainty as under new proposed legislation Science Foundation Ireland is due to merge with the Irish Research Council to form Research Ireland. While we will have to see how this plays out, there is some disquiet in business circles about the apparent lack of focus on the building of links between enterprise and the third-level sector which were key to the SFI mission.
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