RSS Feed

AUSTRALIAN GOVERNMENT FUNDING OF $200M FOR SKILL SHORTAGES

February 25th, 2011

You are here: SkillsProgramsSkills and Training Programs > Critical Skills Investment Fund

The Critical Skills Investment Fund (the Fund) provides $200 million Australian Government co funding for industry partnerships to undertake projects that provide training and employment opportunities in critical industry sectors.

The goal of the Fund is to help increase the supply of skilled labour for enterprises in these sectors.  To achieve this, the Fund will support projects that train and place job seekers into available positions, or that up-skill existing workers to meet new demands. The Fund may also be used to support the recommendations of the National Resources Sector Employment Taskforce (NRSET).

The Advisory Board for the Critical Skills Investment Fund was announced on 12 November 2010 by Senator Chris Evans, Minister for Tertiary Education, Skills, Jobs and Workplace Relations. The Board, comprising seven external members with relevant expertise in employment, training, labour market and skills development, will be responsible for overseeing the Fund’s administration.

The Critical Skills Investment Fund Guidelines set out the funding arrangements, eligibility requirements, application process and assessment criteria for project proposals under the Fund.  The Guidelines are now available to assist organisations in understanding the program.

The first funding round will be announced soon.

Consultations on the Draft Guidelines occurred in late 2010 and all submissions were considered before finalising the guidelines.

This fact sheet provides an overview of the Critical Skills Investment Fund.

Leave a reply...