Part of 3. Topical Questions – in the Senedd at 2:20 pm on 20 May 2020.
Indeed, and Helen Mary is correct to say that universities will need to be there to help us climb our way out of this economic emergency. As we've said before, this is an economic emergency as well as a public health one.
We have published a policy statement outlining the actions that we are taking to support financial pressures. We've provided an indicative annual grant to the Higher Education Funding Council for Wales, which is an increase on last year's grant. We are bringing forward Student Loan Company tuition fee payments to institutions so that a greater than usual proportion of that funding will be available to them in the autumn. We have sought to introduce admissions restraint measures that work for the Welsh sector and can be regulated by HEFCW to bring some much needed stability to our institutions moving forward. And we are working with Ministers from across the United Kingdom on the research and innovation taskforce to address the impact of COVID-19. Perhaps more close to home, we are continually in touch with HEFCW and Universities Wales to explore the options for any possible additional financial support that the Welsh Government may be able to be in a position to provide to help stabilise the sector ahead of the next academic year. We want to do that in a way that is really thoughtful, doesn't pick favourites, is transparent and ensures that we underpin the infrastructure that Helen Mary has rightly said will be important for this nation going forward, both in terms of academic excellence, but also the economy.