Upcoming Spending in the Training Sector
The government last week unveiled their plans for investing in and improving the training system over the next four-five years. Spending will include:
- Government subsidised training up to a minimum first Certificate III level
- $1.75 billion over five years with the National Partnership Agreement to expand the training system to address high level skills needs in consultation with states and territories as well as state based criteria for RTOs intending to access national funding
- $18.1 million over four years to establish three Australian Skills Centres of Excellence in partnership with industry and training organisations.
- $6 million to develop and expand the My Skills website.
- The Australian Skills Quality Authority (ASQA) will receive $50.3 million over four years to conduct intensive regulation and supervision of the VET Sector.
- $51 million to be invested in new projects with the National Workforce Development Fund. $35 million of this to be available from 1 January 2013 for businesses to provide training to new and existing workers aged 50 years and over.
- $19.4 million to help newly qualified tradespeople set up their own businesses.
- $100 million for mentoring and advisory services for apprentices and employers.
Read more about money allocated to training in the 2012 budget