The Higher Education Funding Council for Wales (HEFCW) is an organization responsible for overseeing and funding higher education institutions in Wales. Established in 1992, HEFCW allocates public funds to universities and colleges, ensuring they meet quality standards and provide effective education. HEFCW also plays a key role in promoting collaboration among higher education institutions and supporting research initiatives. By working with the Welsh Government, HEFCW aims to enhance the overall quality and accessibility of higher education in Wales, contributing to the region's economic and social development.