Shortly before calling the February election, the Ontario government announced plans to provide colleges and universities with $228 million to modernize their infrastructure.

The funding will allow publicly assisted colleges and universities to upgrade buildings and acquire the latest learning tools.

“Our government is building the workforce of tomorrow – one that is adaptable, cutting-edge and innovative,” said Nolan Quinn, Minister of Colleges and Universities. “By investing in state-of-the-art buildings and learning equipment, we are ensuring Ontario’s students are equipped to thrive as leaders in the modern economy.”

The investment includes:

• $196 million through the Facilities Renewal Program to help publicly assisted colleges and universities with the maintenance, repairs and renewal of existing facilities,
• $21.5 million through the College Equipment and Renewal Fund to help colleges buy and renew instructional equipment and learning resources, and
• $10.5 million through the Training Equipment and Renewal Fund to help universities renew and buy modern, state-of-the-art equipment and learning resources.

"Colleges Ontario commends the Ontario government for this investment, which equips colleges with modern tools and facilities to provide students with hands-on, industry-standard training,” said Maureen Adamson, Interim President and CEO, Colleges Ontario. “This supports our mission to deliver the skills Ontario needs to succeed in a fast-changing global economy."

The investment stream requires postsecondary institutions to contribute matching funds to help deliver the high-quality education and training to meet the needs of employers.

Colleges and universities can use the funding for major building systems upgrades, heating and ventilating system upgrades, as well as mechanical and electrical system upgrades.

The funds can also be used to buy educational tools, such as new computers and software for teaching purposes, specialized equipment, or machinery for use in labs, shops and classrooms.