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 (rushPRnews) 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 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 / AH Marketing ahmarketinggroup.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

Dixie Plywood gains insight with Phocas Business Intelligence

Texas 09/27/16 · Since 1944, privately owned and operated Dixie Plywood...

Why and How to Hire a Financial Planner

London, United Kingdom 09/27/16 · Like most people, you probably have hopes and...

Radioactive Waste Management: Global Markets

ALBANY, New York 09/27/16 · Market Research Hub has added a new report,...

NOW SHORTS WITH SECRET POCKETS TO CARRY THINGS WHILE YOU RUN

Ahmedabad 09/27/16 · Anyone who runs or goes out for a...

North American Cities Slow to Adopt Open Source Software

Toronto, ON 09/26/16 · Government IT department are often one of the...

ExeBTC Offers Multiple Investment Packages for Global Investors

Delaware,DE 09/25/16 · For years, ExeBTC has been a leader in...

SchoolFinder to be launched in a new avatar soon

India 09/25/16 · SchoolFinder is pleased to announce that it will...

Leader of New Haven Heroin Ring Pleads Guilty

New Haven,Connecticut 09/22/16 · Deirdre M. Daly, United States Attorney for the...

Discover The Bedol Water Clock, Eco-friendy Clock Powered by Water

Los Angeles, CA 09/22/16 · The Bedol Water Clock.   The Clock powered by...

AIMS 360 Fashion Software Delivers Shopify Integration to Simplify eCommerce

Los Angeles, CA 09/21/16 · Leading software provider for apparel industry integrates with...

Waverly Labs Announces Reaching $3 Million in Crowdfunding on IndieGogo

NEW YORK 09/20/16 · Smart Translating Earpiece Pilot makes unprecedented history in...

Plastics Recycling Company Ranks No. 8 on the 2016 Startup 50

Toronto, ON 09/16/16 · CANEI Corporation Ranks No. 8 on the 2016...

Caribbean American Movers and Shakers

Atlanta, GA 09/16/16 · Caribbean American Movers and Shakers Awards Goes International  ...