Dundee University to receive further £40m bailout
Dundee University has been handed a further £40 million of public money to bail it out of its financial crisis.
The boost from the Scottish Funding Council (SFC) comes on top of £22 million that has already been provided.
The Scottish government said the funding will be provided over the next three financial years, or two academic years, and can be released only once a sustainable recovery plan for the university has been put in place.
Jenny Gilruth, the education secretary, said the additional money for Dundee would 'not impact on funding to any other institution'
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About 300 jobs are expected to go, down from initial plans of more than 630, as part of cost-cutting efforts at Dundee.
Jenny Gilruth, the education secretary, told MSPs at Holyrood there was a 'liquidity gap', which was estimated at between £45 million to £68 million across the next two academic years.
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