As post-secondary establishments anticipate a brand new “performance-based” funding mannequin from the Alberta authorities, the College of Calgary is asserting that it has a multi-billion-dollar annual financial influence on the town and province.
The college’s directors say this exhibits the federal government that the U of C is an effective place to take a position its cash.
In line with an evaluation by Washington-based Hanover Analysis, the U of C has a mixed direct and oblique influence of $16.5 billion yearly on the provincial financial system.
“It does so via its direct actions by way of its operations and its supply of its applications however not directly additionally via the nice work that our gifted graduates and college students do in creating new financial prosperity and within the metropolis,” stated college president Ed McCauley.
It is anticipated this sort of influence will probably be vital to think about if the province’s new outcomes-based funding mannequin comes into play subsequent yr as deliberate, making an allowance for issues like employment and earnings charges of college graduates.
On the identical time the federal government plans to chop funding to post-secondary establishments by 20 per cent over the subsequent three years, saying colleges in different provinces run on much less public cash per scholar.
“The College of Calgary is a metrics-driven group. We use the metrics, whether or not it’s the proportion of our undergraduates which are employed or the outputs of our work. We use that to information our how we develop, how we evolve and the way we make investments,” stated McCauley.
“So with the performance-based funding and because it because it rolls out, I feel the College of Calgary is nicely positioned to assist ship on the targets and aims for the post-secondary system within the province of Alberta.”
However scholar union president Frank Finley says he isn’t satisfied it would matter.
By the numbers
- $3.2B estimated in demand-side financial influence/impact of U of C’s spending on the province.
- $13.3 estimated in supply-side financial influence when :
- Educating individuals whose expertise profit the provincial financial system
- Producing alumni who grow to be group and enterprise leaders.
- Stimulating enterprise growth via analysis and group partnerships
- Sponsoring academic and sports activities occasions
- $8.2 billion financial influence from analysis alone
- $249 million in spending by guests to UCalgary occasions
- 149,753 U of C alumni in Alberta
- 513 post-doctoral students
- High 10 analysis universities in Canada
- 360 new analysis innovations and improvements
- 22,493 staff, making the U of C is among the largest employers within the province.
“I fear additionally that performance-based funding is only a option to basically drive universities to self minimize — for universities not to have the ability to meet metrics that are in place for them, and due to this fact have their budgets diminished,” he stated.
Finley stated such a funding mannequin has triggered issues elsewhere prior to now.
“The funding system can truly be inefficient and ineffective in and of itself,” he stated. “Ontario had tried a performance-based funding mannequin, which didn’t yield the outcomes they had been anticipating. I fear we’d run into conditions comparable right here.”
McCauley stated the report highlights a couple of issues he is actually pleased with.
“For those who have a look on the funding we appeal to from exterior the province of Alberta, over $300 million is available in to assist a few of our analysis actions. These funds instantly assist jobs on the College of Calgary, using individuals,” he stated.
“But it surely additionally helps to create a fantastic scholar expertise by way of experiential studying alternatives for our college students, in addition to participating with our group.”
McCauley stated that funding attracts expertise from all over the world to come back to the college, “which creates new concepts and new alternatives for the way we may also help diversify and assist high quality of life in Calgary.”
Finley stated the federal government ought to see establishments just like the U of C as strong investments.
“Authorities wants to know that for each greenback they put into post-secondary, they get greater than a greenback again in funding into the province and that it is sensible to have a strong and really nicely funded post-secondary system,” he stated.
The outcomes-based funding mannequin was first introduced by Alberta’s superior schooling minister Demetrios Nicolaides in January 2020, with the intention of implementing it in April 2020.
On the time, Nicolaides stated Alberta’s 26 publicly funded establishments would then get cash primarily based on as much as two dozen totally different measures, which will probably be weighted in another way relying on the establishment, and launched in a phased strategy over three years.
In June 2020, the province introduced that due to the pandemic it will be delaying the brand new funding mannequin indefinitely and be launching a evaluate of the post-secondary sector.
“We do nonetheless plan to introduce performance-based funding fashions for the 26 publicly funded establishments, however are nonetheless figuring out when they are going to be carried out. We’re additionally nonetheless figuring out what metrics will probably be used for the fashions,” superior schooling press secretary Taylor Hides stated in an electronic mail.
“Alberta’s authorities values the College of Calgary and its contribution to our provincial financial system, and we stay up for persevering with to work with them on the supply of high-quality schooling.”
That is the primary time the U of C has had an evaluation of its financial influence carried out since 2013.