Through the National Workforce Development Fund (NWDF) the Australian Government will provide $700 million over five years to industry to support training and workforce development in areas of current and future skills need.
Under NWDF, organisations can identify their current and future business and workforce development needs and apply for funding to support the training of existing workers and new workers in areas of shortages.
The Fund is part of the Australian Government’s Building Australia’s Future Workforce package and also forms part of Australian Government Skills Connect, an initiative designed to link employers and industries to funding for whole of workforce (including language, literacy and numeracy training and mentoring of Australian Apprenticeships) planning and development.
Skilling your Business
Skilling Your Business highlights how the Australian Government’s $700 million investment in training over five years through the National Workforce Development Fund benefits both businesses and employers.
On 19 July 2012, the Minister for Tertiary Education, Skills, Science and Research, Senator Chris Evans launched the Australian Workforce Productivity Agency. Further details are available in his Ministerial Statement.
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