The 2008-09 Budget delivers the Rudd Government’s commitment to deliver 450 000 new training places over four years. The Budget extends this commitment to invest $1.9 billion over 5 years to fund up to 630 000 new training places.
Skilling Australia for the Future will target skills shortages and lift productivity.
The 630,000 new places will include up to 85 000 apprenticeship opportunities and will be targeted to key groups with up to 238 000 places for those outside the workforce and up to 392 000 places for existing workers.
The Government has already begun delivering on its commitment by creating the first 20 000 new training places for job seekers at a cost of $33.3 million during 2007-08.
The $1.9 billion program will deliver increased funding for Industry Skills Councils of $83.2 million over 5 years. The Industry Skills Councils will have a stronger role, to ensure industry is placed at the centre of our training system.
The Rudd Government has allocated an additional $19.6 million over 5 years for Skills Australia to advise the Government on skills gaps and needs to ensure investments are targeted to areas that need them most.
More training places in a better quality training system will benefit all Australians.
It will drive productivity growth, increase workforce participation, combat inflation and address chronic skills shortages.