LINK TERTIARY EDUCATION GRANTS TO IOM BENEFIT

Recently it was assessed that some 85% of financially supported graduates had not returned to IOM by age of 40. It follows that our small island is paying for the provision of talent used in other countries while we remain constrained in terms of growth via a 'skills shortage'! No ICT tuition for some' years' in RGS!!

Provide university grants via companies and Govt departments who in turn 'article' deserving candidates to their enterprise. An orientation of education to future needs for the direct and indirect benefit of IOM and residents.

Enterprises 'bid' for grants to educate future management and professional positions and in turn are provided with candidates to fill the assisted passage' through University. In turn the undergraduate is assured of seasonal employment, and a career after graduation.
Failure ( to graduate) prompts a sliding scale of fees repayment, success means a secure future for personal, corporate and IOM benefit

Idea submitted via –e-mail – Moderator

Why the contribution is important

Investment in education aligned with future needs
A skilled resource to fuel economic growth
A reduction in 'random waste ( to IOM) of university grants from say 85% to a (cautious ) 35%
(say (£9000 pa x 3 years for say 200 undergraduates £5.4m of which £4.6m is wasted {85%} reduced to £2.7m

by GavinIOMGov on April 24, 2017 at 03:13PM

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Comments

  • Posted by commonsense April 24, 2017 at 20:18

    how do you propose to attract them to come back, what employment etc do you propose?
  • Posted by Phoenix May 04, 2017 at 08:52

    I imagine there would be a contract between the undergraduate,and the sponsoring enterprise, who employs the student throughout the degree course and beyond.A five year + contract would enable the 'deal' to be equitable, and the student is on temporary transfer to university, but 'home' is here, where the investment is made!
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