Function of body
The Higher Education Funding Council for Wales (“HEFCW” or “the Council”) is a Welsh Government sponsored body established in May 1992 under the Further and Higher Education Act 1992 (“the 1992 Act”).
It is the body responsible for the regulation of higher education in Wales, under powers contained in the Higher Education (Wales) Act 2015, and administers funds made available by the Welsh Government to support education, research and associated activities at nine universities in Wales, including the Open University in Wales. It also provides funds for prescribed higher education courses at further education colleges.
In 2019-20 HEFCW will manage a budget in excess of £152m.
HEFCW is also subject to the Well-being of Future Generations Act 2015.
HEFCW’s Annual Report and Accounts for 2018-19, its Corporate Strategy for 2017-2020 and a copy of the Minister for Education’s Remit letter for 2019-20 are available on HEFCW’s website www.hefcw.ac.uk.
HEFCW’s principal tasks currently are twofold:
to regulate higher education in Wales through the approval and monitoring of institutions’ fee and access plans; assessing the quality of HE in regulated institutions; and scrutinising the performance of HE through a framework for the organisation and management of the financial affairs of regulated institutions; and
to distribute funds made available by the Welsh Government for the provision of education, supporting research and other eligible activities by higher education providers in Wales.
HEFCW also provides expert advice to the Welsh Government and the sector. Its Chief Executive is the designated Accounting Officer, having a specific responsibility relating to the use of public funds made available by the Welsh Government.
HEFCW’s Corporate Strategy 2017-20 sets out the priorities HEFCW will consider in pursuing its vision for a sustainable, accessible and internationally excellent higher education sector in Wales.
HEFCW’s vision is to sustain internationally excellent higher education in Wales, for the benefit of individuals, society and the economy in Wales, and more widely.
Its mission is to:
Fund higher education in Wales
Regulate higher education providers in Wales
Influence higher education with evidence-based advice and strong partnership working
Work in partnership with students
Operate effectively as an organisation
The Further and Higher Education Act 1992 provides for the Council to have a membership of between 8 and 12 members, including the Chair and the CEO.
The Chair is expected to work closely with HEFCW Members, the Chief Executive and other HEFCW officials in providing strategic direction and giving advice and encouragement to the HEFCW in the fulfilment of its statutory responsibilities and in the initiation, development and implementation of policy. They will be party to key decisions concerning the Council’s strategy.
The Chair will ensure that authoritative and timely advice is provided to the Welsh Government Ministers and officials and will provide feedback to the sector itself.
For further information with regard to this role please the information pack below:
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CLOSE DATE: 21 FEBRUARY 2020 AT 16:00