Loughborough College welcomes higher apprenticeship funding boost

Set to launch the country’s first ever Higher Apprenticeship in Space Engineering, Loughborough College is encouraged by news of a multi-million pound cash injection to support an increase in higher apprenticeship numbers.

The Chancellor George Osborne’s autumn statement pledged an extra £40m to enable 20,000 more people to start higher apprenticeships in the years 2013-14 and 2014-15 and a further £50m per academic year to fund STEM subject teaching. Plans are to route apprenticeship funding direct to employers.

Dr Martin Killeen, Head of Technology at Loughborough College, said: “It is encouraging that the government plans to continue backing the development of a skilled workforce by increasing its investment in higher apprenticeships.

“The UK space industry is set to triple in size and be worth £30 billion in less than two decades. The pioneering Higher Apprenticeship in Space Engineering we have developed in association with the National Space Academy will play a vital role in driving that growth.

“The space industry already employs around 30,000 and contributes £9 billion to the nation’s economy. We are set to develop the next generation of scientists and engineers to help power the continuing success of the sector.

“We will be leading the way in training across the country where industry demand is greatest with an innovative work-based, degree-level programme.

“Using our expertise in space engineering education and developed with extensive industry consultation our Higher Apprenticeship in Space Engineering offers outstanding opportunities for employers and young people.”