Coffee with Gert & Niels: 'Growth and adaptability in challenging times'
Twice a year, Gert Renkema, Head of Financial and Economic Affairs at FGGA, provides us with an update on the faculty’s finances. This time, he sits down with Niels Laurens, Director of Operations, over a cup of coffee and tea to share the results of the past year and the financial outlook.
How is the faculty performing financially?
FGGA can look back on its fourth consecutive year of positive results, despite fluctuations in external circumstances. Niels: ‘The faculty’s growth has been a key factor in maintaining financial stability.’ Gert: ‘We’ve seen nearly 10% growth over the past year. There are, however, differences between our institutes. Some units are performing well financially, while others still face challenges. The faculty’s strength lies in its collaborative approach, with institutes supporting each other where needed.’
'The faculty’s strength lies in its collaborative approach, with institutes supporting each other where needed.’'
Have specific developments impacted the figures?
Niels: ‘Absolutely. One major factor has been our growth. Our student intake remains strong, and we’ve also been able to manage costs efficiently.’
Gert: ‘The COVID-19 measures a few years ago brought extra costs and uncertainties, but we adapted well. This year, we’re seeing the positive effects of those efforts.’
What about growth through new programmes?
One of the most notable developments has been the launch of the new Cybersecurity and Cybercrime programme. This programme requires significant investment, particularly in the initial phase. Niels: ‘It’s an ambitious initiative with promising prospects. Early projections suggest an enrolment of 125 students. Over time, this programme will not only drive academic growth but also contribute to our financial stability.’
How do you manage costs and revenues?
In 2024, the faculty generated more income and incurred lower expenses than originally budgeted. Gert: ‘Careful decision-making was crucial. External hiring, venue rental, travel costs, and other expenditures were closely monitored. It’s important to remain vigilant while also leaving room to handle unexpected situations.’
What challenges is FGGA currently facing?
Niels: ‘Budget cuts in higher education will impact our faculty as well. One example is the reduction in funding for starter and incentive grants. While the previous government provided these funds to alleviate workload pressure, the Ministry of Education, Culture and Science has now withdrawn them. This puts additional pressure on other priorities. While our growth helps mitigate the impact of these cuts, it does make the work more challenging and, unfortunately, increases the workload.’
How do we move forward together?
Niels and Gert: ‘The 2025 budget, approved in the summer of 2024, remains the foundation for the coming year. However, we will continue to monitor student intake figures weekly to adapt flexibly to new developments.’
The results highlight the importance of collaboration within the faculty.
Gert: ‘Supporting one another is FGGA’s strength, especially in times of uncertainty. Our current financial foundation is solid, but it’s crucial to stay alert. As a faculty, we’ve demonstrated flexibility and resilience in adapting to change. This approach has positioned FGGA well to achieve further growth and success in the years to come. That’s something we can be proud of.’