During a visit to Lilian Bayliss Technology School in London, Schools Standards Minister Nick Gibb and Chief Secretary to the Treasury Elizabeth Truss announced the Advanced Maths Premium, a new fund to help schools and colleges increase the number of students studying maths after GCSE.
Data shows that pupils who do well in maths at school earn higher wages, with men seeing a premium of 12.5% and women a 23.9% increase.
The premium will also support institutions to increase the number of girls and those from disadvantaged backgrounds taking advanced maths qualifications, to help equip Britain with the skills needed to boost the future economy. The £600 premium is equivalent to 15% of the base funding per student.
It follows a commitment from the Education Secretary to continue improving academic standards in order to deliver a truly world-class education, that inspires young people to make the most of their lives and gives them the opportunity to fulfil their ambitions, no matter where they live.
From September 2018, schools and colleges will receive an extra £600 premium for each additional pupil taking the one-year AS maths or the Core Maths qualification. This could mean £1,200 for each additional pupil who takes the two-year A level in maths or further maths.
Professor Paul Glaister, University of Reading and Chair, The Joint Mathematical Council of the UK (JMC) said:
“Studying any of these level 3 mathematics courses enables students to acquire, and develop, deep mathematical/quantitative knowledge and understanding, along with reasoning and problem-solving skills, all of which are essential for many careers and further study. As universities and employers alike stand to benefit significantly from better-prepared students and employees, they should also be strongly supportive of this step-change in commitment by the Government.”
Schools Standards Minister Nick Gibb said:
“Although maths remains the most popular subject at A level, this premium will open up the opportunity for even more young people to study advanced maths qualifications, providing them with the knowledge and skills for future success.”
As set out in the Sir Adrian Smith review, there is an increasing demand for mathematics and quantitative skills in all levels of the labour market and the Royal Society has outlined maths as the key skill required by employers by 2030. This extra funding will increase maths provision and the quality of education that can be provided to pupils and therefore better preparing them for further study and future careers.
Please tell us your thoughts in comments or via Twitter ~ Tamsin
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