Canadian universities will have access to a long-term federal infrastructure fund beginning next year.
The Build Communities Strong Fund, announced as part of Budget 2025, will provide $51 billion over 10 years and a further $3 billion per year in ongoing financing intended for a wide range of projects in local communities to support economic growth, according to the budget document, however many details on how funding will be allocated remain unanswered.
"We're very encouraged to see the federal government recognize that university infrastructure is community infrastructure," said Gabriel Miller, president and CEO of Universities Canada (publisher of University Affairs).
"Our campuses are not only places of learning and research, they are anchors in communities across the country. Investing in modern, sustainable university facilities strengthens local economies, supports innovation and ensures students have the spaces they need to prepare for the jobs of the future."
For more information
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