Jobs and growth are underpinned by a supply of Australian workers whose skills meet industry demand. The skills sector makes a significant contribution to Australia’s economic success, future productivity and growth. In 2015, around four million vocational education and training student enrolments accounted for two thirds of all post-secondary students.
The Skilling Australians Fund is a significant commitment to ongoing Commonwealth funding for skills, initially providing an estimated $1.5 billion from 2017–18 to 2020–21 to state and territory governments to implement projects focused on improving apprenticeships and traineeships.
The Skilling Australians Fund will underpin a new partnership with the states and territories. Under the new arrangements, there will be an emphasis on strong accountability, transparency and the delivery of clear outcomes.
The Commonwealth will agree to projects with the states to commence in 2017–18.
Read the Skilling Australians Fund Fact Sheet for more information.