Responding to emerging challenges
At BCIT, our core mission of delivering high-quality academic curriculum that supports student learning remains at the forefront of everything we do. As a recognized leader in strategic workforce development for British Columbia, we are committed to adapting to the changing landscape of higher education in Canada. In response to emerging challenges—including shifts in federal and provincial policies, evolving workplace demands, and financial pressures—BCIT has launched a proactive, multi-year strategy to secure the long-term financial sustainability of the Institute.
Given the capital-intensive nature of our programming—from advanced technology to specialized equipment and infrastructure and the financial support required to meet the increased needs of students—our strategy will enable us to live within our core operating funding, comprised primarily of grants and domestic tuition.
By focusing on sustainable financial practices, we are building a foundation that will weather uncertainties and ensure appropriate investment is earmarked to support the Strategic Plan—today and into the future.
This approach ensures that BCIT will continue to deliver the high-quality, applied education that students rely on without compromising future generations’ access to these same opportunities.
Critical to the success of the Strategic Plan is BCIT’s Enterprise Risk Management framework. With a lens to the overall plan, we have ensured that the inherent assumptions applied to the development of the Strategic Plan were considered and that BCIT could identify, understand, and mitigate risks within the Plan.
At the heart of our financial strategy is our commitment to intergenerational equity. By adopting prudent financial principles now, we ensure that BCIT will continue to be a leader in applied education and workforce development for decades to come.