RE: Sellers were the smart ones8 Nov 2022 07:10
Guild Esports PLC Launch of Guild College
08/11/2022 7:00am
UK Regulatory (RNS & others)
Guild Esports (LSE:GILD)
Intraday Stock Chart
Tuesday 8 November 2022
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TIDMGILD
RNS Number : 5978F
Guild Esports PLC
08 November 2022
Press release
8 November 2022
Guild Esports PLC
("Guild Esports" or "the Company")
Launch of Guild College
New venture with SCL Education to offer BTEC qualification in esports
Guild Esports (LSE: GILD), a global team organisation and lifestyle brand, is pleased to announce the launch of Guild College to provide a new career pathway for young people into apprenticeships, professional roles and higher education related to the esports industry.
As part of this new venture, Guild has entered a four-year partnership with SCL Education, a leading UK-based provider of post-16 further education specialising in sports, which will provide a one-year BTEC Level 2 Diploma in Esports and a further two-year BTEC Esports Level 3 Extended Diploma as a progression route.
Guild Esports will receive a four-figure sum from SCL Education for every student enrolled into the course. SCL Education projections for total student intake for the course in the first year of the programme, based on their existing comparable courses, is 125 individual learners. This funding will stem in part from a subcontracting agreement with SCL Education, which holds a direct contract with the Education and Skills Funding Agency (ESFA), an executive agency of the UK Government sponsored by the Department for Education.
SCL Education, as experienced providers of BTEC qualifications for clubs like Leeds United College and the West Ham Foundation, will manage the programme on behalf of Guild resulting in minimal additional spend or increased headcount at the Company.
The course will be delivered through 600 guided learning hours per student over the course of the academic year, in line with UK official further education study programme requirements. The Company's fa cilities will support the delivery of the esports BTEC qualification including student access to Guild's HQ facility in Shoreditch for technical and practical workshops.
Enrolment for the course will commence immediately, with the programme welcoming its first cohort(s) of students in September 2023.
The new BTEC qualification is skills-focused and will support the creation of long-term careers in the growing esports industry both in the UK and internationally. The esports industry is projected to generate revenues of approximately $1.38 billion globally by the end of 2022, with the total esports audience set to rise 8.7% year on year to reach 532 million individuals at year end (source: Newzoo, 2022).
SCL Education will also support Guild Academy growth through the delivery of elite programmes focused on pro-player development, and community outreach programmes with the goal of positively impacting 1,000 ch
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