The $476 million Industry Skills Fund – Growth Stream (the fund) is a key element in the Australian Government’s Industry Innovation and Competitiveness Agenda and will provide up to 200,000 training places and support services over four years.
The fund assists industry to invest in training and support services, and to develop innovative training solutions. The fund will help build a highly skilled workforce that can take advantage of new business growth opportunities and adapt to rapid technological change.
What kind of assistance can I access under the fund?
Help is available in the following categories:
Skills Advice
Help to identify skills opportunities and maximise
training outcomes.
Training Grant
Co-investment for businesses to improve the skills
of their workforce for an identified growth opportunity.
Skills Advice funding – If you are a small or medium individual business that is eligible for the Industry Skills Fund – Growth Stream (the Fund) and could benefit from support to determine the training solution that will help your business grow, you may be referred to Skills Advice.
The Training Grant helps you with the cost of training, including:
- nationally recognised training, including full qualifications and skill sets;
- training that is accredited through state and territory systems, including Language, Literacy and Numeracy training;
- training that is identifiable, transferrable by a learner and builds the capability of a learner;
- high quality, innovative or tailored training that may not yet be part of a training package or accredited course. This can include different combinations of training modules to form new skill sets and training tailored to meet specific business needs; and
- training required to navigate export barriers and/or access foreign markets.
If successful there is a co-contribution model established.
For more information Go to Skills Funding