input: Text: Lynne Neagle AM: Good morning, everyone. Welcome to the Children, Young People and Education Committee. We've received apologies for absence from Suzy Davies, and I'm very pleased to welcome Angela Burns, who is substituting for Suzy this morning. We've also received apologies from Dawn Bowden. Can I also welcome Siân Gwenllian to the meeting? Siân is joining us from her constituency office via video-conference. Can I ask Members if they've got any declarations of interest, please? Hefin. Hefin David AM: Apologies. I'm currently registered as an associate lecturer at Cardiff Metropolitan University, although I haven't done any work for them for some time. Lynne Neagle AM: Okay. Thank you very much. We'll move on, then, to item 2 this morning, which is our evidence session on the higher education new academic year allocations. I'm very pleased to welcome David Blaney, who is chief executive of the Higher Education Funding Council for Wales, and Bethan Owen, who is deputy chief executive of HEFCW. Thank you, both, for attending this morning. We're looking forward to hearing what you've got to say. If you're happy, we'll go straight into questions from Members, and the first questions are from Angela Burns. Angela Burns AM: Good morning. Thank you very much, indeed. I just wanted to talk about, really, the financial sustainability of the higher education sector because, as we know, there's been all sorts of things going on in the press. So, can I just start with, actually, quite a technical question and ask you what the financial indicators look like for the universities here in Wales, and are there particular indicators that are really flashing warning signals to you? Dr David Blaney: Well, shall I just start with a couple of contextualising comments and Bethan can come in then with some detail? It's undeniably the case there are financial challenges facing our universities. They result from three main causes: one is the impact of the demographic dip of 18-year-olds, which is deeper and longer in Wales than it is
  Question: What was the impact of the loss of funds to leave the European Union and what would be the solutions accordingly?
  Answer:
output: Dr David Blaney suggested that the main challenge was finding the money. Although there was an additional £6.6 million allocated for research very recently by the Government, that was not sustainable and certainly not enough. Also, the Welsh government had recently issued their own vision for research and innovation and more investment in the Welsh research base would make the Welsh universities be more competitive in accessing funding at a UK level.