Finnish universities become more economically independent

11.01.2007
The Finnish government has proposed a legislative change in order for the universities to own property in addition to the allocations over the national budgets. All universities can now accept donations and decide how to spend the money.
The universitites themselves are now able to decide how to manage donations from foundations and private sources. However, the universities will remain state-owned and the financing of their activities will in the future mainly come from allocations over the national budget.

Due to historical reasons, only Helsinki University and Åbo Akademi University have earlier had the right to own property. The legislative change will even out these differences in economical independence.

The legislation came into force in january 2007.
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