Thank you for the question.
As I said in my opening remarks, our main observation is that, if 120 institutions share an investment program, but that program gets only 2.9% of the funding from the granting councils, that's not enough. As Ms. Watts-Rynard just said, the program that's earmarked for colleges is highly sought after, but there aren't enough resources to meet the needs. We believe it's time to reassess and rethink how colleges and polytechnics can contribute to the goals of other programs in the granting council system.
We also talked about challenges related to housing, the green economy and the cost of living for vulnerable people. For us to play a role in those areas, colleges and policies need to be seen as key, core partners.
That said, there is a funding disparity. Those investments need to be recalibrated. As Ms. Watts-Rynard said, if the government creates new programs, it can no longer ignore colleges. They need to be key partners. It's time for a rethink.
We encourage an ecosystem-based position. Current granting council programs are defined from an academic perspective.
Our system has matured over the past 20 years, so our programs need to be reassessed because we want to see the impact of our investments.