The Ontario government says Trent University will receive $57.7 million over the next four years as part of a new provincial postsecondary funding model aimed at strengthening the long-term sustainability of colleges and universities.
The funding is part of a broader $6.4-billion provincial investment in Ontario’s postsecondary sector, which the government says will support institutions in training students for in-demand careers while expanding access to education across the province.
Peterborough-Kawartha MPP Dave Smith said the investment will help Trent continue offering programs in areas such as healthcare and technology while supporting local workforce needs.
“Investing in Trent University is a direct investment in the future of Peterborough and the Kawarthas,” Smith said in a statement.
The province said overall operating funding for postsecondary institutions will increase by 30 per cent to $7 billion beginning in fall 2026. The model is designed to align academic programming with student demand and labour market needs while providing additional support for smaller, rural, northern and French-language institutions.
Trent University President and Vice-Chancellor Dr. Cathy Bruce said the funding will provide greater stability for long-term planning and help the university continue delivering teaching, research and student experiences that benefit communities across Ontario.
The new funding framework also includes $1.7 billion to create 70,000 additional seats in programs tied to workforce demand, including healthcare, skilled trades, teaching and STEM fields.
Ontario’s Minister of Colleges, Universities, Research Excellence and Security, Nolan Quinn, said the changes are intended to ensure institutions remain financially sustainable while preparing graduates for rewarding careers.
The province expects applications for the new enrolment expansion funding to open this spring, with new student spaces becoming available beginning in fall 2026.
