Trent University Receives Investment of $57.7 Million From Ontario Government Over Four Years

To help launch students’ successful careers by providing access to postsecondary education, the Ontario Government has invested $57.7 million over four years at Trent University.

Dave Smith, Peterborough-Kawartha MPP (left) with Dr. Cathy Bruce, Trent president and vice-chancellor (right) during a press conference in March. Photo by David Tuan Bui.

This investment is part of the government’s new funding model, which will bring an additional $6.4 billion to universities, colleges and Indigenous Institutes across the province to build long-term sustainability in the sector, according to Dave Smith, Peterborough-Kawartha MPP.

“Investing in Trent University is a direct investment in the future of Peterborough and the Kawarthas,” he said. “This new funding model is a huge win for our community. It gives Trent the stability it needs to keep delivering top-tier programs in high-demand fields like healthcare and technology. For local families, it means our young people can get a world-class education right here in their own backyard, graduate with the skills our local workforce needs, and step straight into good-paying careers without having to look outside our region.”

As stated in a press release, funding for Trent University can help prepare students for rewarding, in-demand careers that meet labour market demands, spanning several generations. Operating funding for the sector will increase by 30 per cent to $7 billion in the fall with a focus on delivering programs that align with student demand as well as regional and provincial labour market demands.

The model also includes specialized funding for small, rural, northern and French institutions, so that students in all corners of the province have access to a world-class education. Through this, the government is investing $1.7 billion to fund 70,000 in-demand seats across the province. This investment will expand enrollment in health care, skilled trades, teaching and STEM programs to build the highly skilled workforce businesses and communities depend on. A call for proposals to access this funding will launch this spring, with seats opening in the fall.

“Trent is preparing the highly qualified graduates that become the skilled professionals and leaders Ontario needs. Our students are working alongside leading experts and partners to address challenges across a variety of sectors, including health care, education, business and artificial intelligence,” said Dr. Cathy Bruce, Trent president and vice-chancellor. “This funding provides greater stability for long-term planning and helps ensure we continue delivering exceptional teaching, research and student experiences that contribute to healthy and sustainable communities here in Ontario.”

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