Welsh vice-chancellors renewed pleas for a major cash injection from the Assembly this week as a new funding council report revealed the declining financial state of higher education in the country, writes Tony Tysome.
Five out of 14 institutions reported an operating deficit in 2003-04, two more than the year before and one more than in 2001-02. The report shows that ten institutions had a lower surplus or higher deficit in 2003-04 compared with the year before. Six returned a worsening balance sheet for both periods.
James Lusty, vice-chancellor of the University of Wales Newport and chairman of Higher Education Wales, said: "The Rees review says there must be at least £110 million a year of additional investment in the sector just to keep pace."
Robert Pearce, vice-chancellor of Lampeter University, the only institution reporting a deficit over the entire period covered by the report, said:
"Unless something changes we could ultimately see staff losses."
Phil Gummett, chief executive of the Higher Education Funding Council for Wales, said: "There is a need for a substantial increase in funding for the sector."