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Accelerated funding for education
23/03/2009
Colleges and Universities have been allocated a total of £20.5 million of accelerated funding, it was announced today.
In response to the current economic conditions the Scottish Government has brought forward capital spend to create and maintain modern facilities where people can get the skills and qualifications they need to get into work, remain in work and contribute to Scotland's economic future.
The Scottish Funding Council have issued to all institutions of their individual allocations under the accelerated capital spend of £7.5 million in 2008-09 and £13 million in 2009-10.
Full details of individual allocations for colleges
Full details of allocations for universities
Cabinet Secretary for Education and Lifelong Learning Fiona Hyslop said:
"The Scottish Government is undertaking a range of work, through its six point economic recovery programme, to help individuals and organisations during the current downturn.
"We recognise the challenges faced by individuals, institutions and employers during these tough economic times and we are determined to do what we can to ease some of the pressures placed upon them.
"Scotland's Universities and Colleges have a key role to play in helping Scotland recover from the current economic downturn. As well as helping individuals develop their skills and providing support with re-training, they are also an excellent source of expertise from which our businesses and local and national economies can benefit.
"The decision to bring forward investment, previously earmarked for future years, is a key part of our economic recovery plan and is designed to support the local and national economy in Scotland, while also preserving and creating jobs in key sectors such as construction and engineering.
"By accelerating investment in the college and university sector we are also helping to create improved campuses across Scotland where people can gain the skills and qualifications they need to get into work, stay in work and play their part in Scotland's economic future and recovery."
Currently four college projects worth £185 million are under construction (Anniesland, Borders, Langside, Motherwell) and another four college projects (Coatbridge, Dundee, Forth Valley, New Campus Glasgow Marine Skills Centre) worth £130 million are to start later this year.
Full details of individual allocations for colleges
Full details of allocations for universities