What has been the cost of establishing the Swansea Medical School and what is the cost of maintaining it per year?
When the medical school was established, a recurrent uplift would have been applied to the then health board’s core allocation to support it. Finance colleagues no longer have access to the ledgers as the previous system has been replaced. However, this now equates to £2.98m per annum, due to subsequent inflationary uplifts.
The above figures do not include any contributions provided by Education and Welsh Language and do not include the additional annual payments of Service Increment for Teaching (SIFT). SIFT recognises the additional costs incurred by NHS organisations for teaching/hosting medical and dental students as part of their undergraduate studies across Wales.