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Universities help graduates through funding
Thursday, 23 April 2009
Seventy universities across the UK are deciding what to do with £27 million worth of funding from the government to help graduates find employment and industry work experience.
The University of Cumbria received £1 million from the Higher Education Funding Council for England (Hefce) and 200 unemployed graduates will be able to improve their CV skills and take part in short-term placements in local businesses with services provided with the money.
Several small businesses are expected to be set up by the higher education establishment's graduates with help from Kevin Boles, the head of enterprise at the university, according to the Independent.
Mr Boles told the newspaper: "If [small businesses] get to know our graduates and if we are able to help them innovate and get through bad times, we can send a strong message that we have the right formula for them."
The Surrey Comet recently reported that Kingston University will build an advice centre with its £1 million share of the Economic Challenge Investment Fund grant.