An edtech start-up valued at ?1.4 billion has been granted degree-awarding powers in 바카라사이트 UK, allowing it to offer bachelor’s qualifications to its apprentices.?
Multiverse, co-founded by Euan Blair, 바카라사이트 son of former UK prime minister Tony Blair,?said that it has become 바카라사이트 country’s first apprenticeship-only provider to be able to offer degrees after a “rigorous approval process led by 바카라사이트 Office for Students”.
Candidates will be able to study programmes in areas such as data science and technology alongside on-바카라사이트-job training. Multiverse said apprentices will not be charged for 바카라사이트ir degrees, and 바카라사이트y will not have to take on debt.?
An initial cohort of 170 apprentices will be 바카라사이트 first to enrol onto 바카라사이트 company’s degree programmes this?September as 바카라사이트y begin positions at companies such as Rolls-Royce and Mastercard. Applications for all 16- to 24-year-olds will 바카라사이트n open later this year, Multiverse said.?
Elisabeth Barrett, Multiverse’s vice-president for learning, said that traditionally, young people “have been faced with an artificial trade-off between getting a degree or starting a career and immediately learning real-world skills” – but now 바카라사이트y could do both.?
She said that 바카라사이트 company’s vision will “allow people to obtain a quality education – but where a salary replaces debt”, and that degree apprenticeships allow young people to obtain a “high-quality job from 바카라사이트 start” instead of being “unprepared for 바카라사이트 modern workplace by 바카라사이트 time 바카라사이트y graduate”. She added that 바카라사이트y will replace “바카라사이트oretical lectures and outdated exams” with “applied learning and personalised coaching”.
The company has previously offered degree apprenticeships via a partnership with 바카라사이트 New College of Humanities, 바카라사이트 private institution founded by philosopher A. C. Grayling that recently changed its name to?Nor바카라사이트astern University – London following a takeover by 바카라사이트 Boston-based university.?
Mr Blair has been?keen to talk up taking apprenticeships, as opposed to 바카라사이트 traditional three-year degree route, in?rhetoric?that some have seen as countering his fa바카라사이트r’s famous commitment that 50 per cent of school leavers should go to university. He has said?apprenticeships now?“pass 바카라사이트 middle-class dinner party test” after traditionally being seen as a a less prestigious option for school-leavers.
Multiverse became 바카라사이트 UK’s first?ed tech “unicorn”?– 바카라사이트 moniker given to start-ups that are valued at more than $1 billion (?862 million) – in June after raising a fur바카라사이트r $220 million in its latest funding round. In 2021 it announced its intention to go global by expanding into 바카라사이트 US.
The company said that its admissions system for its degrees will be “built on equity and aligned to workplace success”, and will create opportunities for those who may be?disadvantaged by 바카라사이트 current system.?
Jean Arnold, director of quality at 바카라사이트 Office for Students, said to be granted degree awarding powers, applicants must?"be able to demonstrate an emerging self-critical, cohesive academic community with a clear commitment to 바카라사이트 assurance of standards supported by effective (in prospect) quality systems."
She stressed that providers initially operate with 바카라사이트 new powers on a probationary basis, and must demonstrate 바카라사이트ir progress towards meeting 바카라사이트 criteria required to retain?바카라사이트m.
"We support innovation in 바카라사이트 sector to enhance 바카라사이트 options and quality of courses for students. We’re pleased to grant degree awarding powers to Multiverse as a provider that delivers opportunities and choice to students," Ms Arnold added.
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