The Cooma Universities Centre is an initiative of Snowy Hydro Limited and the Cooma Monaro Shire Council who worked together to establish the facility in Cooma, to provide University education opportunities for local students.

Snowy Hydro provided the initial funds to undertake significant refurbishment of the building including construction, fitout and the installation of all information technology requirements such as videoconferencing, PCs, printers and the link to the AARNET Communications Network. This contribution totals almost $500,000 . Snowy Hydro also contributes to the operating costs of the centre.

The Cooma Monaro Shire Council has also supported the establishment of the Cooma Universities Centre through providing the building free of rent and rate expenses.