The shift in tone was also welcomed by the manufacturers association MAKE UK. Chief executive Stephen Phipson said it gave advanced skills a "target of equal value to university that we have long advocated for".
Pepe Di'Iasio, general secretary of the Association of School and College Leaders, welcomed the new emphasis on colleges, saying they had been "the forgotten heroes of the education system" for too long.
In England, there is no limit on the number of places universities can make available, apart from for a handful of regulated courses like medicine.
This means the demand for places comes from students themselves - a demand which shows no sign of waning. In 2024, 37% of 18-year-olds in England entered university through the Ucas application system.
It is 26 years since the then-Labour Prime Minister Tony Blair set out an ambition at a Labour Party conference for half of young people to study at university.
This entirely symbolic target was met in 2019, when half of those under the age of 30 had gone into higher education.
A number of factors contributed to this, including nursing becoming an all-graduate profession in the UK in 2013.
While there is little sign of the demand for university places declining among 18-year-olds, there has been increasing concern about the cost of living for students.
Tuition fees in England are £9,535 this year, and the government is considering whether to let them rise further.
The widening of participation in universities over two decades has also increased public debate and scrutiny of whether all universities, or all degrees, deliver worthwhile opportunities to graduates.