Labor is making this investment in our universities so that they can continue to ensure they have the best facilities and infrastructure to deliver world-class teaching, research and engagement.
Funding will be made available to fast-track small to medium funding grants so that universities can update or renovate facilities; or invest in new or updated research equipment, labs or other important facilities.
Since the Liberals decision to effectively abandon the highly successful Education Investment Fund (EIF), Australia’s universities have had no access to funds to support infrastructure and facilities investment.
Labor stood strong against the Liberals plans to abolish the EIF.
We know that we can’t ensure Australia’s universities continue to be world-leading if we don’t provide certainty of funding as well as access to infrastructure funding.
Unfortunately, the Liberals have left the EIF in a very uncertain state. Labor’s new funding commitment will ensure that funding is available in the coming years for critical infrastructure.
We will pay for the fund by making multinationals pay their fair share and closing tax loopholes used by the top end of town.