Budget windfall for STEM places and spin-offs : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Budget windfall for STEM places and spin-offs

March 26, 2010

Budget windfall for STEM places and spin-offs
Perspective is a leading authority on learner management and apprentice training

London, UK (RPRN) 03/26/10 — Following the budget announcement on Wednesday, an extra £305 million has been promised to universities in England, creating an additional 20,000 student places for the next academic year, report Perspective, a leading authority in learning management and student and training monitoring.

The extra funding will come in two stages; the first being a one-off payment of £270 million to a ‘university modernisation fund’ that will create the extra spaces, widely thought to be in key subjects such as maths, science, technology and engineering.

Of the £270 million payment, £20 million will be allocated to the Higher Education Funding Council for England for projects to raise efficiency and value for money through the continued development of shared services, collaborative procurement and other innovative ways of cutting overheads and back-office costs.

The remaining £35 million will be placed into a “university enterprise capital fund” to support spin-off companies and other commercial initiatives.

Alistair Darling, Chancellor of the Exchequer, said: “Universities must make efficiency savings while focusing their funds rigorously on quality teaching and research,” but without damaging key skills and the country’s economic strengths.

The Budget guaranteed a place in education or training for all 16- and 17-year-olds, plus a job, work experience or training for everyone aged between 18 and 24. It also promised a higher number of apprenticeships.

The cost of these and other pledges would be met partly by switching resources from within existing budgets and by the higher revenues raised from the tax on bankers’ bonuses, the chancellor added.

Paul David, Managing Director of Perspective, commented: “Everyone gets a little nervous when the budget is due to be announced, especially as cut back were widely expected as a result of the recession. However, this is really positive news and in fact, a move that will ultimately help us recover from the recession on a long term basis.”

Perspective offers learner management solutions and training consultancy for the evolving UK education and skills sector. Perspective’s suite of software is currently utilised by many blue-chip enterprises and over fifty Local Authorities around the UK.

The Perspective portfolio includes a unique collection of learning and training management systems. PerspectiveCLM (Collaborative Learning Manager) has been designed to support partnerships delivering the various 14-19 agenda and new pathways, whilst Sunesis has been created to support work based learning schemes, apprentice training and vocational learning establishments which provide NVQ’s and Train to Gain in the UK.

 

Media Contact Name: Pete Goold
Media E-mail:
Media Phone: 01858 411 600
Media Web Address: www.punchcomms.com
Company Contact Name: Perspective
Company Web Address: www.perspective-uk.com
Click here to see all news from this author/company

Filed Under: BREAKING NEWS, BUSINESS NEWS, Career/job/work, Economy, EDUCATION, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

GeneSegues Therapeutics Awarded Contract For Development of Nanocapsule-based Vaccine for Biodefense Pathogen

MINNEAPOLIS, MN 12/18/14 · Company Collaborating With U.S. Army Researchers on Topically...

Enjoy a Virtual Tour of Canada's Favourite Spa

GRAFTON, ON 12/16/14 · A brand new tour of Ste. Anne's Spa...

Bahama Beach Club Hosts Christmas and 12th New Year’s Eve Party

Treasure cay 12/13/14 · If you're looking for the perfect place to...

Opportunistic Brand Savvy Investors set to snap up Stackcap Patent

London, UK 12/11/14 · Business savvy investors welcomed an exciting opportunity this...

Newborn Foundation Applauds Reauthorization of Newborn Screening Saves Lives Act

WASHINGTON, D.C. 12/11/14 · The U.S. House of Representatives has passed H.R....

SecurifyApp makes it safe to be Home Alone during this holiday season

New York, New Yrok 12/10/14 · More Americans fall victim to accident, theft and...

Routehappy Raises $3.3M in Funding to Expand Airline & Distributor Products

NEW YORK 12/10/14 ·  -- Routehappy, the product differentiation platform for air travel,...

Spa Lovers Select Ste. Anne's as Canada's Top Destination... Again!

GRAFTON, ON 12/04/14 · Spafinder Wellness once again has awarded Ste. Anne's...

Who Couldn`t Use a Hug? Announcing the HugTrain 6th Annual Hug Tour Dec 2014

Montreal, Quebec, Canada 12/03/14 · Cross Continental Canadian-U.S. Train Journey to Raise Spirits...

Zikto announces stretch goals for successful Kickstarter campaign

Los Angeles/Seoul, Korea 12/01/14 · Campaign reaches global audience! Riding high on the accomplishment...

Coffee With Dr. Stewart

Austin, TX 11/25/14 · A brother and sister bring an exciting new...

Arki Kickstarter reaches $100K target in 13 days

Los Angeles/Seoul, Korea 11/24/14 · One step closer to a walking revolution The kickstarter...

Zikto taking award-winning Arki to Startup Nations Summit

Seoul, Korea 11/22/14 · Zikto taking award-winning Arki to Startup Nations Summit The...

The End of Transparency? Don't be a fraud target

Carrollton, TX 11/18/14 · - Over the years, progressive and productive societies...