The Government of Saskatchewan and post-secondary institutions have developed a multi-year funding plan that will provide funding certainty to the sector over the next four years.

The Ministry of Advanced Education has committed to stable base funding at 2020-21 levels for the duration of the agreement, along with an additional $60 million increase beyond annual operating funding over the next two years. The government says this provides institutions with the ability to respond to challenges created by the pandemic, and to help grow financial sustainability over the long-term.

As part of the commitment, every publicly funded post-secondary institution in Saskatchewan signed a Memorandum of Understanding, which outlines the shared priority areas where the additional $60 million will be targeted including: COVID-19 recovery, revenue generation, sector collaboration and achieving the strategic initiatives set out in the Growth Plan.