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Scotland’s colleges and universities will benefit from £10 million of additional capital funding as part of the Scottish Government’s investment to reduce the economic harm caused by the COVID-19 crisis.
The funding, which has been allocated by the Scottish Funding Council (SFC), comes from the £230 million ‘Return to Work’ package announced in June by the Cabinet Secretary for Finance. The scheme aims to boost the construction sector by recycling funds back into the economy that were not deployed during the COVID-19 lockdown.
The money will allow colleges and universities to carry out maintenance and construction work in addition to activities already planned on the basis of the capital funding allocations announced by SFC in April. It will also be used to put back on track projects affected by the COVID-19 pandemic and the initial lockdown.
Commenting on the announcement, a spokesperson for Colleges Scotland, said:
“Colleges Scotland welcomes the announcement of additional investment to help offset the adverse impact of COVID-19 on the college sector. This injection of financial support will be used to make some much-needed improvements in the sector’s estates and help to ensure students and staff are working in the best possible learning environments.”
Full details of the announcement.
