Common use of Venture Clause in Contracts

Venture. The Venture Programme is a three part multi-year programme of events and interactive activity designed to help would-be student entrepreneurs. It also has considerable value to students considering freelance or self-employed career paths in all industries, including those hoping to build a portfolio career. An increasing number of students (currently 266) are now taking part in this programme from a wide variety of disciplines, ranging from Biology to Fine Art, Education, Law, Nursing and Computer Science. Targeted financial support packages in the form of bursaries will continue to be offered as a means to support students. They will be offered to all University of ▇▇▇▇▇▇▇ students including nursing students and those based at our other sites such as ▇▇▇▇▇▇▇▇ Science Park and University Centre Shrewsbury. The ‘in kind’ element (Aspire Credit) of bursaries will be used to reinforce student retention and success activities. Full details of all of our bursaries including what students can spend their Aspire Credit on will be available on the University’s website. Evaluation of students in receipt of 2013-14 and 2014-15 packages, which included cash awards, has shown that students in receipt of these awards were less likely to leave than their peers who did not. This does not represent a trend however, and therefore more evidence is needed to fully understand the impact of financial support. Consultation with student representatives has shown that they are in favour of these awards being reconfigured while they continue to be offered to those from the lowest income households. The University will continue to monitor and evaluate the impact of these awards on retention and student success. Scheme 1 – ▇▇▇▇▇▇▇ Bursary An award to the value of £1,500 in cash4 will be given to any new full-time undergraduate degree entrant paying a tuition fee of over £6,000, who has a declared household residual income of £25,000 or less. This will comprise of £500 cash in each year of the programme. Applicants who receive offers to undergraduate degree programmes at the University will be sent full details of the scheme. The benefit will be awarded to all eligible students. It is estimated that expenditure on this scheme to the cohort in 2017-18 will be approximately £2 million. The scheme is likely to benefit around 1300 students. Scheme 2 – ▇▇▇▇▇▇▇ Bursary for Part-time students This bursary has a total value of £1,500 in cash which will be applied on a pro-rata basis based on the credit intensity at each level of study. Eligibility will be based on new part-time undergraduate degree entrants paying a tuition fee of at least £7000 (full time equivalent), enrolled for a minimum of 40 credits at the start of level 4, and with a declared household residual income of £25,000 or less. Part time applicants who receive offers to undergraduate degree programmes at the University will be sent full details of the scheme. Students will be informed that eligibility does not guarantee a bursary as numbers may be limited. Exclusions to eligibility apply. Full details will be posted on the University’s website.