The article considers fundraising as an effective tool for stimulating the development of vocational education and Training (VET) institutions in conditions of limited budget funding. Modern scientific approaches and regulatory principles for managing fundraising activities in the educational sector are analyzed, in particular in the context of the implementation of state programs that provide for mandatory co-financing from local budgets and/or other sources. The advantages of implementing fundraising strategies in vocational education and the challenges associated with them are outlined. The main attention is paid to a practical case – the modernization of the training and practical center (TPC) in the Rivne region in 2024. The project. with a total cost of 5070.0 thousand UAH, was implemented at the expense of a subvention from the state budget to local budgets. The process of forming a grant application is described, the estimate and risk analysis are detailed. The institutional capacity and human resources potential of the Center, which provided a practical orientation for modernization, are analyzed. It is emphasized that fundraising is not only a tool for attracting additional resources, but also a strategic mechanism for strengthening the institutional capacity of institutions, expanding partnerships with business, and ensuring the sustainable functioning of the TPC as a platform for implementing new training modules and short-term courses. The article demonstrates how these approaches can effectively complement state initiatives and contribute to the sustainable development of educational infrastructure.
Author Biographies
Liudmyla Beztelesna, National University of Water and Environmental Engineering, Rivne
Doctor of Economics, Professor
Angelina Prydatok, National University of Water and Environmental Engineering, Rivne
