Initial Teacher Education in England and Wales is currently undergoing substantial change. In particular, the government has insisted on increased time for school-based work, on the development of training partnerships between schools and higher education providers, including the transfer of training funds from universities to schools, and on a competence model of assessment. This article focuses on one of the new partnership training courses. Using two of the areas of competence, Subject Knowledge and Subject Application, it explores the reality of partnership from the perspectives of students, school mentors and university tutors as they work through the first year of the new course. Finally, the writers present a series of questions for all those involved as the basis for developing such courses and for ensuring the quality of teacher education.