Funding down under: entrepreneurial approaches to generating income at the University of Queensland Cybrary

The government, from both national and regional sources, is the primary source of funds for universities and their libraries in Australia. Student numbers and financial allocations are set by the federal government. Government policy changes in relation to higher education funding have impacted considerably in the last few years and the percentage of total income emanating from the federal government has steadily deteriorated. Student fees, on both a partial and full basis, have been introduced as part of the funding mix. Most university libraries in Australia are funded by their parent organizations, usually through a fixed percentage of overall university income. Cost pressures have been experienced by university libraries through reductions in government income, and excessive increases in the costs of library materials, but also through a steadily falling value of the Australian currency against other major world currencies. This paper reviews the environment of Australian university libraries and focuses on the University of Queensland Cybrary as a case study, reviewing initiatives that have been adopted to increase income.