The document discusses opportunities for academic libraries presented by new physical builds and shared services environments. It notes that deeper cooperation across institutions is needed to achieve significant cost savings while developing new services. Case studies from the University of Stirling describe new library builds that provide better collaboration spaces and integrate services like an enterprise zone and archives. The document advocates for shared procurement, licensing, collections, and staff development to help libraries meet financial challenges. It also discusses opportunities from open access repositories and the SCONUL shared library management system project.