£1.8 billion allocated to universities and colleges next year
27 Feb 2018
Scottish universities will share over £1.1 billion of funding next year, an increase of 1.2% from the investment made in 2017-18.
Further and Higher Education Minister Shirley-Anne Somerville announced the allocations during a visit to West College Scotland, where she met pharmacy and computer games students and staff.
The college sector revenue budget will increase by 8.3% to nearly £600 million, with the college capital budget also increasing by nearly £30 million to a total of £76.7 million.
Today’s announcement also shows core student support funding increasing by £3.6 million, with an extra £5.2 million set aside for the implementation of the Independent Review of Student Support.
Ms Somerville said:
“Universities and colleges are one of the cornerstones of Scotland’s education system, supporting people of all ages to fulfil their potential in life.
“In recognition of their vital role, this Government has not only protected the budget of universities and colleges but increased it.”
John Kemp, interim chief executive of the Scottish Funding Council, said:
“Today’s announcement represents an increase to the funding of both colleges and universities in Scotland. That’s good news for everyone who benefits from further and higher education.
“The funding announced today will also support accelerated progress towards our ambitions for widening access, world-leading research, innovation and skills for Scotland’s economy.”
Full details of SFC’s indicative allocations for 2018-19 can be found online.