1994 Group welcomes funding for 500 Masters degrees in aerospace engineering

The Department for Business, Innovation and Skills (BIS) have announced today that a new £6 million bursary fund will pay for 500 new graduates and employees to study Masters (MSc) level degrees in aerospace engineering.

Alex Bols, Executive Director of the 1994 Group, said:

“The support for these Masters students is greatly welcomed and it is positive that innovative approaches are being taken to tackle the lack of a student support system for Masters students.

“Students who want to study for a Masters or postgraduate qualification are facing tough financial barriers with no support for their upfront tuition fees or living costs.

“But this issue was always likely to require a multi-faceted solution at a time of financial austerity. This new scheme is a model that could and should be replicated for other key sectors of industry.

"Today's announcement shows that the government is moving in the right direction to tackle the problem of funding for postgraduates and we hope that more can be done to remove the financial obstacles.”

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Notes to Editors

1. Last year the 1994 Group responded to Ofqual's consultation on A-level reform. We have now published the full response online.

2. The 1994 Group represents 11 leading smaller universities. It was founded to promote excellence in research and teaching. According to the most recent assessments, 88% of its members’ research is internationally recognised (RAE 2008) and 88% of its members’ students were satisfied with their university experiences (NSS 2012). In 2011, its members added £1.7bn to the UK economy, fulfilled over 1800 research contracts for business, and held stakes in 34 spin-out companies.

3. 6 of the top 30 universities in the Guardian University Guide 2013 are 1994 Group members; 7 of the top 30 universities in the Complete University Guide 2012 are 1994 Group members; 11 of the UK’s top-ranked research departments are in 1994 members, and all its members have a top-3 rated department for research excellence.

4. The 1994 Group represents Birkbeck, University of London; the University of East Anglia; the University of Essex; Goldsmiths, University of London; the Institute of Education, University of London; Royal Holloway, University of London; Lancaster University; the University of Leicester; Loughborough University; the School of Oriental and African Studies, and the University of Sussex.

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