What guidance has the Cabinet Secretary given to Cardiff Metropolitan University on how they should spend the £1.73 million they received from the Welsh Government in February this year?
Medr was responsible for allocating the £18.5m of one-off additional capital funding provided for the higher education sector in February in recognition of financial challenges affecting the sector.
The Cabinet Secretary and I remitted the funding to Medr to support universities to make necessary investments for long-term financial stability. Medr allocated the funding to universities specifically to support strategic priorities including Net Zero/Decarbonisation, improving facilities and progressing the digitalisation agenda.
Medr will undertake a monitoring exercise later this year to ensure that the funding has been used as intended, and to provide an update on the impact that the investment has had.