TORONTO — The Ontario government is continuing to deliver world-class education by investing $228 million in postsecondary institutions to modernize their infrastructure. The funding will allow publicly assisted colleges and universities to upgrade buildings and acquire the latest learning tools, ensuring Ontario students receive a cutting-edge education that will allow them to flourish in their careers.
“Our government is building the workforce of tomorrow – one that is adaptable, cutting-edge and innovative,” said Nolan Quinn, Minister of Colleges and Universities. “By investing in state-of-the-art buildings and learning equipment, we are ensuring Ontario’s students are equipped to thrive as leaders in the modern economy.”
This investment includes:
$196 million through the Facilities Renewal Program to help publicly assisted colleges and universities with the maintenance, repairs and renewal of existing facilities.
$21.5 million through the College Equipment and Renewal Fund to help colleges buy and renew instructional equipment and learning resources.
$10.5 million through the Training Equipment and Renewal Fund to help universities renew and buy modern, state-of-the-art equipment and learning resources.
This combined investment stream requires postsecondary institutions to contribute matching funds to help deliver the high-quality education and training to meet the needs of employers. Colleges and universities can use the funding for major building systems upgrades, heating and ventilating system upgrades, as well as mechanical and electrical system upgrades. The funds can also be used to buy educational tools, such as new computers and software for teaching purposes, specialized equipment, or machinery for use in labs, shops and classrooms.
By investing in state-of-the-art facilities with high-quality learning tools for Ontario postsecondary students, the government is ensuring students are equipped to thrive in a modern, rapidly evolving workforce.
Quick Facts
The Facilities Renewal Program provides annual funding to help colleges and universities renew and modernize their campuses by repairing and renovating existing facilities, including major building systems upgrades, roof repairs, heating and ventilating system upgrades, and mechanical and electrical system upgrades.
The College Equipment Renewal Fund provides annual funding to help colleges buy and renew instructional equipment and learning resources, such as specialized equipment, machinery or tools for use in labs, shops and classrooms.
The Training Equipment and Renewal Fund provides annual funding to help universities buy state-of-the-art equipment that supports in-person or virtual learning, helps to meet industry or business standards, or supports enrolment growth.
Quotes
"Colleges Ontario commends the Ontario government for this investment, which equips colleges with modern tools and facilities to provide students with hands-on, industry-standard training. This supports our mission to deliver the skills Ontario needs to succeed in a fast-changing global economy."
- Maureen AdamsonInterim
President and CEO, Colleges Ontario
"This investment will help Ontario’s universities provide students with modern learning spaces essential for future success. This funding will support universities in upgrading their facilities and acquiring cutting-edge equipment and learning resources, ensuring students have access to state-of-the-art educational environments."
- Steve Orsini
President and CEO, Council of Ontario Universities
Additional Resources
Commenti