© 2022 - USMAIL24.COM. All Rights Reserved.
The education start-up of Tony Blair’s son Euan is taking on universities by offering debt-free degrees for students while working at companies like Rolls-Royce and Mastercard.
Multiverse, the company founded in 2016 by the son of the former prime minister, has been given the authority to issue degrees in a variety of subjects, including technology and data science.
An initial cohort of 170 students will be enrolled in Multiverse degrees later this month, with applications for all 16- to 24-year-olds later this year.
Euan Blair (pictured) launched education technology start-up Multiverse in 2016 and has since worked with over 8,000 pupils and is valued at just under £1.4 billion
Euan with his father, former Labor Prime Minister Sir Tony Blair, on the steps of 10 Downing Street for the last time in 2007
Elisabeth Barrett, vice president of learning at Multiverse, said: “Young people have faced an artificial trade-off between getting a degree or starting a career and immediately learning real skills.
‘Now they can do both. We have a vision for Applied Degrees where people can get quality education – but where a salary replaces the debt.
“A quality job from the start replaces the risk of not being prepared for the modern workplace by the time they graduate. And applied learning and personalized coaching replaces theoretical lectures and outdated exams.
‘Our diplomas offer training in the areas that fuel today’s economy: such as data and tech. Our technology and computer programs already have a higher usability than computer science courses. Multiverse’s diploma awarding powers allow us to go even further.”
Students will spend approximately one-fifth of their education with Multiverse coaches and experts in their fields and will be given graded assignments to complete during the three-year course.
In addition, they will work as apprentices at one of hundreds of companies, such as Rolls-Royce and Mastercard, with a starting salary of at least £18,000 a year.
Mr Blair’s company is the first apprenticeship provider to be given diplomas by the regulatory body, the Office for Students.
Euan’s start-up Multiverse is the first apprenticeship provider to receive diploma awarding privileges from the Office for Students, the university’s supervisory authority
Jean Arnold, Quality Director at the Office for Students: ‘We support innovation in the sector to improve the choice and quality of courses for students.
“We are pleased to grant diploma award privileges to Multiverse as a provider that provides opportunity and choice to students.
Mr Blair’s business has now helped over 8,000 apprentices and is worth nearly £1.4 billion.
Mr Blair previously spoke of his vision to provide an alternative to universities: ‘There has never been a more urgent time to create an alternative to university education that is equitable and inclusive and there is an incredible opportunity for us to to change the status quo. with internships.’
The training is free for students who do not incur debts because the employer pays the bill.
The cost of tuition is covered by the apprenticeship levy, which was previously introduced in April 2017 to help the government fund their plan to offer more apprenticeships.
Employers are required to pay the levy of 0.5 per cent of their annual wage bill, if it exceeds £3 million.
Meanwhile, smaller employers with annual payrolls totaling less than £3 million pay just 5 percent of the cost of their internship, while the government pays the rest.
Former Labor Prime Minister Tony Blair pledged to get half of school leavers to university in 1997 with a pledge to focus on ‘education, education, education’
Tony Blair poses with his family, wife Cherie and children (left to right) Nicky, Kathryn and Euan, before moving into 10 Downing Street in 1997
Euan Blair, pictured with his father, former Labor Prime Minister Tony Blair, in 1999 during a trip to Italy
Mr Blair’s father, former Prime Minister Tony Blair, swore… to get half of school-leavers to university after coming to power in 1997 with a promise that New Labor’s priorities would be “education, education, education.”
Under Tony Blair’s Labor government in 1998, university tuition fees of £1,000 a year were introduced.
The move was met with fierce opposition from opposition parties and the National Union of Students, who pledged to ‘fight them tooth and nail’.
In 2003, Labor announced plans to raise tuition fees to £3,000 a year, despite previous promises they would not raise it.
This meant that graduates would have to start paying back fees as soon as they earned a salary of £15,000 a year.
The price increase was defended by Tony Blair who said that ‘graduates should contribute more to their university education’.
Tuition at universities in England now stands at £9,250 a year after further increases by successive governments.