Originally, the institute was to award degrees validated by the University of Warwick, but the Students’ Office, the regulator of higher education in England, said the institute could award degrees in its own name from next year, the first to do so under the legislation that created the route in 2017.Dyson said, “Being the first higher education institution to be granted new credentialing powers is a testament to the hard work of undergraduates and the academic team. This has not been easy. ”
Brexit supporter Dyson is estimated to have spent more than £ 30million on the institute and its campus, which includes study booths, lecture halls and laboratories. It claims to attract more applications from recent graduates than many Oxbridge courses, with 14 applications for each place, expecting to win like in math and science or technology A level.
Dyson added: “Britain is currently estimated to lack 60,000 engineers a year and does not encourage more female engineers, which means they only make up 18% of those studying engineering.
“At the same time, students are burdened with appalling debt at the university. Today, the average first graduate leaves with over £ 50,000 in loans, which takes years to pay off – if ever. ”
He said a third of the institute’s undergraduates were women, but admitted there was “still some way to go” to recruit more young engineers.
“There is no doubt that academic classes in Britain always look down on those with a practical bent, but there is also a bigger picture problem: engineering is seen as boring and difficult.
“This stigma, and the assumption that you need to spend your days deep into complex physics, math and chemistry, is part of the reason for the UK engineering shortage.”