SCU head welcomes $5b uni fund
By JANE GARDNER
IT IS no wonder Southern Cross University's Professor Bill MacGillivray was in a good mood yesterday.
Prof MacGillivray, Deputy Vice-Chancellor, said the Government's new $5 billion 'untouchable' trust fund to generate an estimated $310 million a year for university capital works programs and research facilities was a stroke of genius.
"Will we get some of that money? I should hope so," he said.
"We need to modernise a lot of our facilities. Our scientific and clinical facilities need updating."
However, the devil will be in the detail as the Higher Education Endowment Fund is rolled out.
The Government has not announced how or where the extra funds will be allocated.
Prof MacGillivray said SCU would campaign fiercely to ensure it did not get overlooked in favour of its city counterparts.
"The fund is a really innovative solution. Once it is locked in and invested in, it will be a guaranteed source of income," he said.
Prof MacGillivray said he would have liked to have seen more money given to his students from the Budget. "I don't think the Government has put sufficient funds into supporting students," he said. "Research shows many students are having to work very long hours to support themselves."