The Territory Labor Government is investing $93 million in Vocational Education and Training (VET) this financial year to skill the NT workforce and support the creation of long-term jobs for Territorians.
Apprenticeships and traineeships are a major focus of the Skilling the Territory Annual Investment Plan, the inaugural investment blueprint for the Territorys VET sector.
The new plan increases funding for the sector to help Territorians gain the practical skills they need to lay the foundations for a solid career.
The plan complements the recently signed bilateral agreement between the Territory Labor Government and the Federal Government, which will support an extra 2000 apprentices and trainees in the Northern Territory over the next four years, in addition to the current 3400.
Key features of the Skilling the Territory Annual Investment Plan include:
- $28.7 million to support apprenticeships and traineeships, including an enhanced Employers Incentive Scheme
- $56.3 million to the Public Providers, Charles Darwin University and Batchelor Institute of Indigenous Tertiary Education (this includes $14.5 million in Australian Government funding)
- $3.3 million to strengthen industry engagement and advice
- $7.85 million for Targeted and Responsive funding including the new Territory Workforce Program
Click here for the full Skilling the Territory Annual Investment Plan 2018/19
As stated by Minister for Workforce Training, Selena Uibo.
The Territory Labor Governments number one priority is jobs for Territorians.
The inaugural Skilling the Territory Annual Investment Plan provides clear direction and support to enable Territorians to pursue apprenticeships and traineeships.
The Territory already has one of the highest rates of VET participation in the country and this new plan will enable us to build on those strong foundations to build our skilled workforce.
A workforce of trained, skilled Territorians not only benefits our businesses and employers, it benefits the Territory economy as a whole.
As stated by Industry Skills Advisory Council NT (ISACNT) General Manager, Debbie Paylor.
It is important that skills needs are identified through robust processes and draw on the knowledge of industry networks through a collaborative approach.
We look forward to working with the Northern Territory Government to ensure funding is matching the current and future workforce training and skilling needs.