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Opinionopinion

Universities need to be at the heart of the economic renaissance of the Welsh economy

Welsh universities make a higher contribution to the economy than other nations or regions across the º£½ÇÊÓÆµ, the need for stable and sustainable funding from the Welsh Government will be critical

University of South Wales' Newport City Campus(Image: USW)

With the majority of us still working from home during a dark and cold January, it may difficult to envisage that in less than 100 days and barring any postponement from Cardiff Bay, we will be voting in the elections for the Welsh Senedd.

As the political parties start to formulate their manifestos, various organisations, pressure groups and other bodies are putting together a list of their priorities that the next Welsh Government will hopefully enact as part of their programme.

One of the most important of these submissions has come from the Welsh university sector that, during the past five years, has been responsible for developing world class research and innovation, delivered skills to people of all ages and backgrounds, and made a significant contribution to the economic and societal wellbeing of Wales.

As the nation looks to recover from the challenges that we have all faced as a result of the Covid-19 pandemic, higher education institutions are aiming to continue this role and, more importantly, deliver on its ambitions.

With Welsh universities making a higher contribution to the economy than other nations or regions across the º£½ÇÊÓÆµ, the need for stable and sustainable funding from the Welsh Government, particularly after the uncertainties of the last 12 months, will be critical in supporting the current activities of higher education and ensuring growing areas of demand, such as part-time students, can be supported.

Such funding will ensure that the sector can help to meet the challenges for the Welsh economy over the next few years such as responding to a fast changing business landscape where key sectors which are currently important to the Welsh economy, such as retail and hospitality, will be changed irrevocably.