EURO MPs have extended a scheme helping North West universities send thousands of students abroad to study.

The new Erasmus+ programme will provide over £12 billion for young people, staff and teachers to study or train abroad over the next seven years, an increase of 40 per cent on the current budget.

The programme also includes a new Masters Loan Guarantee enabling students to take out low-interest loans for post-graduate studies across the European Union.

East Lancashire Lib Dem MEP Chris Davies said: “This is the EU at its best, helping students from the North West to learn new languages and a new way of life.

“Tomorrow’s stronger economy will be built on the success of our young people today in getting a high quality education that also prepares them for the global world of work.”