- The Scottish Government has increased current levels of revenue funding for the college sector by 3.1% in cash terms (1.3% in real terms), with the Draft Budget for 2019/20 confirmed as £606.5m. This represents an additional £18.3m against the Draft Budget for 2017/18. However, the full £18.3m is for funding National Bargaining. The revenue funding has not been adjusted for inflation, therefore this equates to a real terms reduction in funding to cover day-to-day operational costs.
- The Scottish Government has reduced current levels of capital funding for the college sector with the Draft Budget for 2019/20 confirmed as £47.6m. This represents a reduction of £29.1m against the draft budget for 2018/19. It should be noted that £22m of this capital funding is for the Forth Valley College campus build. Therefore, there is a capital budget of £25.6m available for backlog maintenance and lifecycle costs.
Draft Scottish Budget 2019/20
The Scottish Government published its Draft Budget 2019/20 on Wednesday, 12 December 2018 and Colleges Scotland issued a media statement. The Education and Skills section starts on p105 of the Budget document. The key headlines for the sector are: