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Post-secondary investments will help research, teaching and learning
CALGARY, AB --(Marketwired - March 22, 2016) - Major new investments in university infrastructure in Budget 2016 will support ground-breaking discoveries and enhance learning opportunities for students. The government announced today that it will invest $2 billion over three years for a new Post-Secondary Institutions Strategic Investment Fund (PSISIF) to modernize on-campus research, commercialization and training facilities.
"This government understands that universities are best able to drive immediate economic stimulus and longer-term prosperity through infrastructure projects, through research and by ensuring students have the skills they need," says Elizabeth Cannon, president of the University of Calgary. "We're pleased that students and researchers will benefit from new research facilities and 21st century classrooms."
The $2 billion announced today to support knowledge infrastructure lays the foundations for sustainable growth and innovation.
Investing in discovery research is also a priority recognized today. The government will provide the highest annual funding increase in over a decade for discovery research through Canada's granting councils -- an additional $95 million per year for the research granting councils in 2017-18. These funds will be allocated as follows:
• $30 million for the Canadian Institutes of Health Research;
• $30 million for the Natural Sciences and Engineering Research Council;
• $16 million for the Social Sciences and Humanities Research Council; and
• $19 million for the Research Support Fund to support the indirect costs borne by post-secondary institutions in undertaking federally sponsored research.
"The University of Calgary welcomes the opportunity to work with the federal government to develop and implement the new infrastructure funding program," said President Cannon. "We encourage the establishment of a predictable and sustainable funding envelope dedicated to the post-secondary sector. Such funding will help speed the delivery of projects and support new and updated teaching, learning, and research spaces greatly needed in Calgary."
The government is moving quickly to implement its promise to expand hands-on learning opportunities for students. Canada's universities have worked with students, faculty and business leadership to achieve this and the university is pleased to see it moving forward.
Post-secondary students and their families will benefit from important enhancements to Canada's student loans program, increasing young people's ability to complete a post-secondary education and gain the advanced skills and knowledge demanded by today's global economy. Today's announcement adds clarity to the student financial aid program and underscores that high quality post-secondary education is an attainable goal for Canada's families.
To help students gain experience, the government will create up to 35,000 additional jobs for young Canadians in each of the next three years under the Canada Summer Jobs program. The government will also strengthen co-op and on-the-job learning opportunities that will help students land that all-important first job after graduation.
About the University of Calgary
The University of Calgary is making tremendous progress on its journey to become one of Canada's top five research universities, where research and innovative teaching go hand in hand, and where we fully engage the communities we both serve and lead. This strategy is called Eyes High, inspired by the university's Gaelic motto, which translates as 'I will lift up my eyes.'
For more information, visit ucalgary.ca. Stay up to date with University of Calgary news headlines on Twitter @UCalgary. For details on faculties and how to reach experts go to our media centre at ucalgary.ca/news/media.
Manager, Media Relations
University of Calgary