The Scottish Funding Council (SFC) announced a funding package for the University of Dundee to address “immediate financial challenges.”

The SFC said: “The University of Dundee notified SFC of significant financial challenges in November 2024 and SFC has been engaging closely with the institution since to understand the extent of the challenge.

“Following Scottish Government announcements of additional funding being made available to the sector, the SFC Board approved today a support package of £22m, a mix of financial transactions (low-cost loans) and capital grant.”

SFC CEO Francesca Osowska said: “We recognise the significant uncertainty and anxiety that staff and students are experiencing at the University of Dundee. Given the important role that the University plays in the city and the surrounding region, we also acknowledge the concerns of the wider community.

“The University of Dundee is a world-leading institution with a rich heritage in delivering excellent student outcomes and world-leading research.

“We are committed to supporting the University, and the funding approved by the SFC Board today will support the University as it develops its financial recovery plan to return to a position of financial health.

“More broadly, our focus remains on making Scotland an outstanding place to learn, educate, research and innovate, both now and for the future.”