A new multi-million pound fund to increase the number of degree apprenticeships available to young people has been launched by the Business Secretary Sajid Javid on a visit to Manchester Metropolitan University.
First launched in September last year, degree apprenticeships allow for the study for a full Bachelor’s or Master’s Degree while working. Universities and employers are getting on board with institutions including Sheffield University and Queen Mary’s University London working in partnership with top employers such as TFL, Nestlé and BAE Systems.
The new funding will help even more people get a degree while earning in one of the country’s top businesses. £8 million will be focused on supporting universities to design and deliver new degree apprenticeships while a further £2 million will be devoted to encouraging more learners to choose degree apprenticeships. The fund will run for the next 2 years and the process for universities bidding for the funds will be announced in April 2016.
Research from Universities UK published last week as part of National Apprenticeship Week found that although degree apprenticeships are relatively new, numbers are growing, with an estimated 1,500 to 2,000 starts for 2016 across 40 universities.
Business Secretary Sajid Javid said:
“We launched degree apprenticeships to unlock life changing opportunities for young people and give businesses the skills they need.
This multi-million pound fund will go further in helping universities and employers design new top quality degree apprenticeships and open doors to our young people.”