A new digital skills training fund will be piloted in the U.K. in January which will offer loans to non-graduate young people from East London with the dual aim of tackling the ongoing U.K. tech skills shortage while also addressing a socio-economic gap that tech risks exacerbating.
The fund, called the Tech City Fellowship, will offer educational loans of up to £11,600 per student to non-graduate 18 to 25 year olds to pay for a place on a training course that teaches software developer skills.
The 12-week coding bootcamp course in question is being run by Makers Academy, one of the collaborating partners for the Fellowship. The loan breaks down into £8,000 to cover course fees and £1,200 per month living costs for the duration of the course.
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