Manchester Business School has reintroduced loyalty bursaries for alumni of the university (or of UMIST).

"Manchester Loyalty Bursary
Holders of undergraduate or postgraduate degrees from the University of Manchester, UMIST or Victoria Universities are eligible for a 20% fee discount. The Manchester Loyalty Bursary discount will be applied only to the tuition fee that is being paid by the student."
http://www.mbs.ac.uk/mba/full-time/admissions/fees.aspx