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Aston University receives £1m to create graduate jobs
Tuesday, 14 April 2009
Birmingham's Aston University has successfully won a bid to receive funding from the Higher Education Funding Council for England (Hefce) for two new graduate schemes.
The £1 million funding will allow 150 graduate placements to be created at regional small and medium-sized businesses for graduates of any university in the West Midlands, as well as those returning to the area after studying elsewhere.
Along with this, 104 sets of £3,000 vouchers will be made available for regional businesses to gain academic support from those universities.
Dr Phil Extance, pro vice-chancellor for business partnerships and knowledge transfer at Aston University, said: "The West Midlands needs an additional 3,000 graduates per year moving into jobs in the private sector to match the UK average. The extra Graduate Advantage funding will help to give a boost for students graduating into the job market this summer."
The Times Higher Education recently reported that Hefce had expressed an aim for half of universities to provide workforce training for graduates by 2010.