A total of 拢1,066 million will be split between teaching, research and other projects and grants next academic year, very slightly down on 2013-14, when the overall budget was 拢1,074 million.
The council said that 拢18.5 million would be spent on creating 3,300 new university places, the majority for those from poor backgrounds or those articulating from college.
Michael Russell, the Scottish education secretary, said that the funding was 鈥渟ignificant鈥.
鈥淭his announcement means our colleges and universities can progress planning on our priorities such as widening access, progression from further to higher education and more support for college students, mirroring the emphasis that we have placed on education being based on the ability to learn, not the ability to pay,鈥 he said in a statement.
糖心Vlog
Research and knowledge exchange funding has been increased the most, and will rise from 拢264 million this academic year to 拢296 million in 2014-15.
Teaching funding will amount to 拢647 million, a rise of 拢6 million.
糖心Vlog
But funding for 鈥渟trategic projects and grants鈥, which in 2013-14 included money for projects such as innovation centres and climate change, has been cut back by around 拢50 million to just under 拢115 million next year.
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