New South Wales VET Funding Up By 20 %

New South Wales VET Funding Up By 20 %

New South Wales Minister for Skills and Tertiary Education Geoff Lee

New South Wales Government VET Funding Up By 20 %

Victor P Taffa

Minister for Skills and Tertiary Education Geoff Lee has welcomed a new report showing a significant rise in New South Wales Government funding going to the state’s vocational education and training sector in 2018.

National Centre for Vocational Education Research (NCVER) report revealed the New South Wales Government’s contribution to VET funding had grown by 20.5 % in the 2018 calendar year compared with the previous year.

 

“This really highlights the strength of the New South Wales Government’s commitment to vocational education.” Minister Lee said.

“It includes a substantial increase of funding to public providers including TAFE NSW.”

“We are serious about growing the VET sector and committed to getting students into careers that best match their passions, aptitudes and skill sets. For many that involves a VET pathway.” Minister Lee said.

20.5 % increase doesn’t include TAFE NSW commercial revenue or Commonwealth government funding, only New South Wales Government funding.

According to another recent NCVER report, New South Wales recorded an increase of 5.4 % (or 15,029) in student numbers in the first half of 2019 compared with the same period last year.

“Implementing programs like the fee-free traineeships and apprenticeships are fueling greater uptake of VET.” Minister Lee said.

Minister Lee said the New South Wales Government recognises the need to address skills shortages and so has invested heavily in VET in recent years with $2.3 Billion allocated in the current budget for the 2019-2020 year.

“We are committed to ensuring the New South Wales workforce continues to have people with the skills that will be needed to continue building the $93 Billion worth of infrastructure projects we are delivering for the people of New South Wales.” Minister Lee said.

Abbreviations:

VET                Vocational Education and Training

TAFE NSW    Technical and Further Education New South Wales