Strategy and performance

Corporate Strategy 2021

Our long-term vision

Our long-term ambition is for Wales to have a world class, globally responsible and sustainable higher education, research, innovation and training system that promotes the interests of students and ensures that Wales flourishes socially, economically, environmentally and culturally.

Our purpose

Our purpose is to, regulate, fund and influence higher education providers in order to achieve our
vision and address Welsh Government priorities.

Our core objectives

To deliver our purpose and vision we will: 

Involve partners and stakeholders at local, Wales and UK level in the delivery of our functions to support the HE system.

Challenge and support higher education providers to deliver high quality, accessible and inclusive education and training to all who could benefit from it, to meet the long-term social, cultural, economic and environmental needs of the local, national and global community.
Challenge and support higher education to deliver high quality world-leading research and innovation that advances knowledge and generates new ideas.
Challenge and support leadership and governance within higher education with evidence based advice, to deliver a higher education system that is financially, economically, culturally, socially, and environmentally sustainable.
Ensure that the Welsh language is integral to all that we do.

Research innovation and engagement
Be an exemplar organisation, true to our values, where equality, diversity and inclusion, well-being and health, collaboration and sustainability are fundamental principles
Research innovation and engagement

A delivery framework underpins our Corporate Strategy.

Corporate Strategy 2017-2020

Our Corporate Strategy focuses on our roles as a regulator, funder and influencer while we work in partnership with students; and our aim to operate effectively as an organisation. The Strategy includes twelve HEFCW performance outcomes.

Business Plan 2021-22

In our Business Plan we set out – against our corporate strategy themes – the activities we carry out over a planning period.

Annual remit letter

As a Welsh Government Sponsored Body, we receive an annual remit letter from the Welsh Government showing what needs to be delivered through the funding we are allocated.

Risk register

All teams in HEFCW assess risks in relation to their objectives and projects, including all appropriate corporate and operational plan objectives. Our Management Team agree the totality of significant risks that make up the Corporate Risk Register, and minor risks remain on team registers only.

External stakeholder survey

To fulfil our mission, we must ensure that we provide an effective service to our stakeholders, and that clear, accessible and strategic communications support both our internal operations and our relationships with the Welsh higher education sector, the Welsh Government and other external partners.

In order to assess how effective our service is, and how well our relationships work, we commissioned, in 2019, our third survey of stakeholders and partners.