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We invest around £2 billion a year in Scotland’s 19 universities and 24 colleges for learning and teaching, skills development, research and innovation, staff, buildings and equipment. Each college and university sets out in its Outcome Agreement what it plans to deliver (in line with Ministerial priorities and SFC’s strategic plan) in return for SFC funding.

We also provide funding to colleges to offer bursaries to students (up to, but not including, Higher National Certificate (HNC) level). Funding for students studying at HNC level and above is available through the Student Awards Agency for Scotland (SAAS). For further information see Advice for students.

Outcome Agreements

Outcome Agreements set out what colleges and universities plan to deliver in return for their funding from us. The Outcomes Framework and Assurance Model will be introduced from 1 August 2024.

SFC Strategic Plan 2022-27

Building a connected, agile, sustainable tertiary education and research system for Scotland.

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