We invest around £1.6 billion a year in Scotland's 19 universities and 25 colleges for learning and teaching, skills development, research and innovation, staff, buildings and equipment.
We also provide funding so that colleges can offer bursaries to students (up to, but not including, Higher National Certificate (HNC) level).
Outcome Agreements set out what colleges and universities plan to deliver in return for their funding from us.
Funding for students
Funding awarded directly to students at HNC level and above is through the Student Awards Agency for Scotland