Iowa Board of Regents

UI Approves P3 Funding to Support 4 New Projects in FY24

Aerial view of Iowa City skyline with state capitol building in background.The University of Iowa will use the next round of P3 funding to enhance student success, retain critical employees, and share faculty research and scholarship with the public.

Up to $15 million in funding will be distributed from the UI Strategic Initiatives Fund (P3) to support implementation of the strategic plan in FY2024. The P3 Board of Directors endorsed the following allocation of funds at its June meeting:

  • $2.6 million for four projects selected from a campuswide call for proposals
  • $5 million for the enhancement of education infrastructure on campus

The remaining $7.4 million for FY2024 will be reserved for the implementation of additional strategic plan initiatives throughout the year. Members of the Strategic Plan Action and Resource Committee (SPARC) can make requests on a rolling basis until all FY2024 P3 funds are committed.

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