The University and the Principality sign an agreement to set a framework for financial stability
February 10, 2015
The Rector states that this agreement will strengthen the workforce and "retain young talents that we have been training for years"The University of Oviedo and the Principality have signed a collaboration agreement which establishes a stable funding framework between 2015 and 2018. The agreement has been signed by the Rector of the University of Oviedo, Vicente Gotor, and the President of the Principality of Asturias, Javier Fernández, alongside with the councilor od Education, Culture and Sports, Ana González. On the part of the academic institution, the Vice-rector for Economic Planning, Agreements and Contracts and the University manager, Marta González, were also present in the signature.The agreement, in accordance with the Rector´s words, allows consolidating the workforce. Thanks to this agreement we will be able to rejuvenate staff, and "retain young students that we have been training for years", and 15 work places will be offered after Easter Vacation. Vicente Gotor emphasized that this agreement is "of great importance for the academic institution" although it does not solve all our economic problems, or the infrastructural needs.The Rector believes this will serve as a starting point to negotiate a target-based funding system. This agreement guarantees budgetary balance. Moreover, starting in 2016 the budget will include in the allocation devoted to University, the increase in the section of personnel expenses, which will grow stronger from year to year.The president of the Asturian government highlighted that this agreement provides the university with financial security, improves operational planning of higher education and increases the amounts allocated to grants and aids for students, insofar that the spending capacity is increased in the Principality budget. Javier Fernández announced that the Principality is willing to freeze tuition fees once again, for first-time registrations next year.