Hefcw confirms £20m drop in HE and research funding allocation

Welsh funding council sets out details of annual allocations for final time

The total amount of money allocated to higher education institutions in Wales is down by more than £20 million year on year, the Higher Education Funding Council for Wales has confirmed.

Hefcw published details of its 2024-25 higher education funding allocation on 9 July, with a total of £198.7m distributed. In 2023-24, the allocation was £219.3m, although a fall was expected following the finalisation of the Welsh government’s budget in February.