Recovering from the impacts of Covid-19 will be made easier for Berwick’s Federation University thanks to the $350 million Victorian Higher Education State Investment Fund announced on Tuesday May 19.
The new fund recognises the university sector’s crucial contribution to the prosperity and economic health of the state.
Federation will share in the $350 million fund to support capital works, research and research partnerships, and will further benefit from a $110 million deferral of payroll tax, which provides immediate funding relief.
“Together, vice chancellors from across the state have strongly advocated for a funding partnership that will help us overcome the current challenges threatening the position of Victoria as an education powerhouse,” Federation University’s vice chancellor professor Helen Barlett said.
“This is a fantastic opportunity for Federation University to partner with the Victorian Government on significant capital works and research projects that will deliver lasting benefits for our regional communities.”
Universities will be able to use the Victorian Higher Education State Investment Fund towards projects that link back to State Government priorities, in areas that make an impact, including technology, advanced manufacturing, clinical trials, capital infrastructure advances, commercial operations and innovation precincts, are amongst identified priority areas.
Federation University has a significant capital works program planned over the coming years.
The university will look closely at which projects align with this funding, to help continue its major capital works investment, to deliver jobs in the region and provide better facilities for its students.
In addition, the university is supporting its students through a range of support services, financial assistance packages and food relief measures, as well as student hardship scholarships.