Committee warns Welsh universities in 'precarious position'
This statement comes after an evidence session with leaders of all nine Welsh universities, focusing on their finances and the challenges they face.
Concerns raised include declining admissions from Welsh young people, decreasing international student numbers, and tuition fees that are failing to keep pace with inflation.
The committee, chaired by Ruth Jones, MP for Newport West and Islwyn, stressed the need for "funding security and long-term policy stability."
They are urging the UK Government to re-evaluate how universities are supported, in collaboration with the Welsh Government, to ensure a sustainable future for higher education institutions.
The committee also noted the significant role universities play in the Industrial Strategy, which acknowledges their contributions to skills and innovation.
Professor Wendy Larner from Cardiff University described the situation as "an existential moment for universities," adding that they "need to be different for the future."
Professor Paul Boyle CBE from Swansea University highlighted the difficulty of achieving financial sustainability within the current system, saying it "does not lend itself to that sustainability."
The committee emphasised the unsustainability of the current system and called for action from the UK Government and its Welsh Government partners as part of "promised major reforms for higher education."
They believe addressing these issues is crucial for the economic and civic well-being of communities across Wales.
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