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Welsh university budgets barely balance

The Higher Education Funding Council for Wales has warned that without increased government investment, universities in the nation will be unable to build research capacity and meet increasing student demands.

According to an analysis of the financial health of higher education in Wales in 2013-14, published by HEFCW on 18 January, Welsh universities reported a surplus of £43.5 million in 2013-14, which amounted to less than 1 per cent of their incomes.

When the full economic cost of capital and infrastructure are taken into account, this amounts to a total deficit of £67m. Although the report notes that this is less than the 2012-13 deficit of £85m, HEFCW says the sector is "not in a position to provide for a fully sustainable future".

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