Universities in Wales will be supported by investment of £18.5
million to help them address the challenges facing the higher
education sector, and a further £500,000 to support international
recruitment and promotion.
The funding will be provided to universities via Medr and is to
help them meet capital costs associated with estate maintenance
and digital projects to reduce operating costs, while also
improving environmental sustainability. It will also ensure that
facilities continue to be suitable for providing a high-quality
student experience and delivering world-leading research.
An additional £500,000 is also being invested in the Global Wales
programme, to continue supporting the international recruitment
and promotional activities of Welsh universities.
This is the third funding boost for the sector this financial
year following an increase to the tuition fee limit that will
provide up to £21.9 million in additional income to universities
next year and an announcement of an additional £10m last autumn.
The Minister for Further and Higher Education, said:
“Universities across Wales are anchor institutions in our
economy, our communities and our culture. This funding will
contribute to the longer-term sustainability of universities.
“I have invited all Vice Chancellors to a roundtable meeting for
more discussions about the current challenges facing the sector
and how we can work together to safeguard the future of higher
education in Wales.”
