Source · Select Committees · Business and Trade Committee
Recommendation 7
7
Deferred
Paragraph: 52
Lifelong Loan Entitlement demonstrates transformative potential for retraining and upskilling.
Conclusion
We agree that the proposed Lifelong Loan Entitlement has the potential to be “transformative” in encouraging retraining and upskilling and ask the Government to conduct a review of the scheme one year after its commencement and to report its findings to this Committee.
Government response summary AI-generated
The government's response discusses AI regulation capabilities and central monitoring functions, completely unrelated to the Lifelong Loan Entitlement review requested by the Committee.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
52
Government Response
Deferred
HM Government · verbatim extract
Deferred
The Lifelong Loan Entitlement (LLE) will be delivered from academic year 2025/26, providing individuals with a loan entitlement to the equivalent of four years of post-18 education to use over their working lives (£37,000 in today’s fees). The Government is committed to delivering at pace to introduce the LLE from 2025. However, delivering its vision will require extensive changes to the student finance system and the types of courses available. The Government will take a phased approach to modular funding, focusing on higher technical courses which have clear employer checks or where they address skills gaps to support learners into jobs which employers need. From the start of AY25/26, this will be initially targeted at: • All Higher Technical Qualifications; and • Technical qualifications at levels 4 and 5 currently funded through the ALL system which have a clear line of sight to an occupational standard and employer support. We have the intention to expand out to include Level 6 modules from 2027. Our ambition is to iteratively deliver LLE modularity policy between 2025 and 2027, with work to adapt behaviours going beyond. Although we can share findings one year after it’s commencement, we will still be within our change programme and still working towards our benefits.
Read the full response on Parliament ↗