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Ontario budget investments in colleges will produce a stronger workforce
(TORONTO, March 28, 2018) – The Ontario government’s 2018 budget investments will ensure more students have access to college programs that open the door to rewarding and meaningful employment.
“This will produce more college graduates with the technical expertise and professional qualifications to pursue great careers,” said Linda Franklin, the president and CEO of Colleges Ontario. “This budget delivers important commitments to student success and greater economic prosperity throughout the province.”
Highlights of the 2018 Ontario Budget include:
An increased investment of $500 million in capital improvements at colleges and universities. Funding will grow from $10 million in 2020-21 to more than $60 million by 2022-23.
An increase in the funding for college equipment and renewal to $20 million a year over the next three years from the current level of $8 million per year.
An investment of $170 million over three years to modernize apprenticeship training.
An investment of about $40 million per year over three years to develop post-secondary education programs that respond to the changing needs of students and employers.
Affirmation of the $2.1 billion investment in a ‘whole of community’ approach to mental health services that will improve the support available to students.
The budget also reaffirms the province’s commitment to ensure students from low- and middle-income families pay little or no tuition and have easier access to student assistance. As well, the budget supports students’ career planning with investments that allow high schools to hire more guidance counsellors.
“There is a clear commitment to preparing students for long-term success in this new age of accelerating automation and innovation,” Franklin said. “The budget reinforces the colleges’ pivotal role producing graduates with a distinct competitive advantage.”
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