Too late and not enough.
The government wants to set up courses providing students with about 20 hours tuition per week. That is not so bad. It also wants to give those on technical courses maintenence loans. That is not so good. This is all supposedly to give students the skills employers need in order to take them on....
The government has missed an open goal: again. You cannot give someone hoping to be an electrician, plumber, engineering technician, the skills they need in a classroom. They need to be in the world of work - at the same time.
By all means give the students 20 hours of tuition, but instead of loans pass the money to employers as an incentive to take students on as they start a course. Let them learn on-the-job as well as at college.