Wales’ universities fare well

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The financial health of Wales’ higher education sector is stable, according to the university funding council, WalesOnline reports.

Data published by the body responsible for distributing public money to universities has painted a largely positive picture, despite a challenging financial climate.

Together, Welsh universities attracted income worth £1.273bn in 2012-13, while total income in 2010-11 stood at a mere £1.244bn.

Figures from the Higher Education Funding Council for Wales (Hefcw) show that the new University of South Wales had generated £192m income, Bangor University £135m, Cardiff University £436m and Swansea University £181m – all up on that generated in 2011-12.

Dr David Blaney, chief executive of Hefcw, said: “The latest analysis has shown that universities in Wales are generally performing satisfactorily within a challenging environment, which has included a recession and significant changes in tuition fees and how we fund them.”

 

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