The change is only to the name of the award and does not affect the benefits and range of support that these students receive.
It will also help to signal growth of the Programme from 2020, when all first-degree UK undergraduates from households with an income of less than £27,500 per year will become eligible for Crankstart Scholarships.
Sir Michael Moritz said about the change:
Harriet and I remain fully committed to the transformative programme previously known as Moritz-Heyman Scholarships, which we have renamed Crankstart. This is a change in name only and reflects our preference for having our foundation's name associated with all our philanthropic efforts - rather than our own. In fact, we’re significantly expanding the number of scholars on the Crankstart programme which goes from strength to strength, opening access to Oxford and building an ever growing community of able scholars. We have also provided support for an expansion of the UNIQ summer program which will help pave the way for future Crankstart scholars.
Professor Martin Williams, Pro-Vice-Chancellor for Education, added:
Under the Moritz-Heyman name this funding programme has supported more than 1,000 UK undergraduates, helping them to experience an Oxford education since its launch in 2012. With these changes, the label may be different, but the aims of the programme remain the same: to provide sector-leading financial and careers support to enable students from low-income backgrounds to get the most out of their time at Oxford.
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