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HomeNewsOntario Investing Up To $200 Million In Colleges And Universities

Ontario Investing Up To $200 Million In Colleges And Universities

ONTARIO–The Ontario government says it will invest $201 million in colleges and universities in 2023-24. Part of this investment requires postsecondary institutions to receive matching contributions from a private sector partner to help deliver high-quality education and training to meet the needs of employers.

“It is essential that our colleges and universities have the latest learning tools and equipment so students can get the skills they need for the in-demand jobs of today and tomorrow,” said Jill Dunlop, Minister of Colleges and Universities. “As part of our government’s plan to build Ontario, this investment will help institutions renew and modernize their facilities and allow them to continually improve the learning experience for students.”

This investment includes:

  • $171 million through the Facilities Renewal Program (FRP) to help publicly assisted colleges and universities with the critical maintenance, repairs, upgrades and renewal of existing facilities.
  • $20 million through the College Equipment and Renewal Fund (CERF) to help colleges buy and renew instructional equipment and learning resources.
  • $10 million through the Training Equipment and Renewal Fund to help universities renew and buy modern, state-of-the-art equipment and learning resources.

Colleges and universities can use the funding for projects that support the renewal and modernization of campuses including major building systems upgrades, heating and ventilating system upgrades, and mechanical and electrical system upgrades. The funds can also be used to buy instructional equipment and materials, such as new computers and software for teaching purposes, specialized equipment, or machinery for use in labs and classrooms, and tools for shops. For example, Brock University has used the funding to create a design studio and collaborative space to support expanded engineering programs and Mohawk College established an electric vehicle and automotive innovation lab.

 

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