The Ministry of Advanced Education has committed to stable base funding at 2020-21 levels for the duration of the agreement, along with an additional $60 million increase beyond annual operating funding over the next two years. This approach provides institutions with the ability to respond to challenges created by the pandemic, and to help grow financial sustainability over the long-term. The $60M is targeted at:
- COVID-19 recovery
- revenue generation
- sector collaboration and
- achieving the strategic initiatives set out in the Growth Plan.