Date: 10th Nov 2016
Skills and Apprenticeships Minister Robert Halfon has today (10 November) announced that Bucks New University is one of just 18 universities/institutions which have successfully bid for project funding from the Higher Education Funding Council for England (HEFCE) to develop new degree apprenticeships in areas including early years education, engineering, business, accountancy, financial services, law and digital technology.
The University's winning bid of £147,000 was one of around 70 submitted by higher education institutions in the first round of a two-year programme. Degree apprentices spend part of their time at university and part with their employer.
Working in partnership with leading employers, Bucks New University aim to offer around 370 new opportunities for apprentices and their employers for the introduction of the apprenticeship levy in April 2017. The apprenticeship levy will be paid by employers in any sector with a pay bill of more than £3 million per year, and will be charged at 0.5 per cent. The levy will be paid to HMRC through PAYE.
Employers will be able to use their apprenticeship levy funds to access degree apprenticeships from a range of higher education providers, and the project funds will support institutions in preparing for the increased demand that will follow the levy's introduction from April 2017.
Skills and Apprenticeships Minister, Robert Halfon, said: "Apprenticeships work, that's why we've launched degree apprenticeships that give people a real chance to earn while you learn putting you on the fast-track to a top career.
"This multi-million pound fund will allow universities and colleges to work with top employers to design high quality degree apprenticeships that give people a ladder of opportunity, more choice and help shape Britain to become an apprentice nation."
'Equipped with skills'
Professor Rebecca Bunting (pictured), Vice-Chancellor at Bucks New University, said: "We are delighted to have been one of only 18 institutions to successfully secure project funding to develop degree apprenticeships which will provide more people with access to higher education.
"Bucks New University is committed to providing programmes of study which ensure all our graduates leave equipped with the skills that employers demand.
"We are excited to use this funding to begin working with employers and professional bodies to develop courses which provide an 'earn as you learn' alternative to the traditional degree programmes we offer."
Universities and colleges across England have been awarded a total of £4.5 million to develop 5,200 new degree apprenticeships for students starting in September 2017 in the first round of a two-year programme.
The Degree Apprenticeship Development Fund was established by the Department of Business, Innovation and Skills, and continued by the Department for Education. More information is available here: www.hefce.ac.uk/kess/apprentice.