Oireachtas Joint and Select Committees

Wednesday, 29 March 2017

Public Accounts Committee

HEA - Financial Statement 2015

10:00 am

Dr. Graham Love:

At a summary level, the Deputy mentioned the report that was done into the sector late last year.

In effect, the key thing from that at the moment is that a number of institutions that are at risk have been identified and we have agreed plans with them over a number of years to return them to financial viability or a better financial position, including sending in some additional financial expertise to some of those institutions. I may ask Mr. Brownlee in a moment to talk more on that. That is one level that is important.

Second, as was mentioned in the opening statement, a review of the funding allocation model is taking place at the moment by an international panel, which is also specifically looking at elements that relate to these institutions and the sector more generally. I think a working group is being set up in the Department of Education and Skills to take into account the recommendations in this report and the implementation that would be associated with that. Have I left out anything?