The funding model for colleges and universities underwent significant change in 2020 when the Ministry introduced performance-based funding. Known as SMA3 or the Strategic Management Agreement 2020-2025, the new funding model includes two components, one which caps enrolment growth and the other which allocates funding based on college performance on ten metrics.

To learn more about Humber’s performance-based funding and metrics, check out this new one page brief.

This publication is the latest in IPA’s Insights series which supports institutional data literacy and the establishment of a common understanding about important institutional issues and topics related to Humber’s strategic priorities.