National Workforce Development Fund

$700 M is available over 5 years to support training and workforce development.
 
National Workforce Development Fund
 

About

The National Workforce Development Fund (NWDF) is a new approach to skills training that places business at the heart of the training effort.

The National Workforce Development Fund is an innovative, industry-driven model that enables businesses to co-invest with the Government to train, reskill and upskill workers in areas of skills need. The National Workforce Development Fund has the strong backing of industry and is already proving to be successful in meeting the workforce training needs of businesses across the country.

The National Workforce Development Fund operates on a sliding scale, with large enterprises contributing up to 66 per cent of costs and small and medium businesses contributing between 33 and 50 per cent.

 

Recipients

  • Transport And Logistics Industry Skills Council ($611,582) – The objective of the Fund is to assist individual enterprises to increase their workforce capacity by providing existing workers and new workers with the opportunity to enhance their skill levels through formal training.
  • Service Industries Skills Council ($543,677) – The objective of the Fund is to assist individual enterprises to increase their workforce capacity by providing existing workers and new workers with the opportunity to enhance their skill levels through formal training.
  • Forestworks ISC ($245,244) – The objective of the Fund is to assist individual enterprises to increase their workforce capacity by providing existing workers and new workers with the opportunity to enhance their skill levels through formal training.
  • Construction & Property Services Industry Skills Council ($686,713) – The objective of the Fund is to assist individual enterprises to increase their workforce capacity by providing existing workers and new workers with the opportunity to enhance their skill levels through formal training.
  • Agrifood Skills Australia ($352,080) – The objective of the Fund is to assist individual enterprises to increase their workforce capacity by providing existing workers and new workers with the opportunity to enhance their skill levels through formal training.
  • Future Print ($3,357,706) – to assist Print and associated industries transition to emerging technologies and business models. Future Print is a joint initiative between the Print Industry Association of Australia and the Australian Manufacturing Workers union that is aimed at re-skilling and modernising the training of workers in the print industry to create a stronger and more advanced workforce. The project is seeking businesses to help lead the project as the heads of the industry, and workers who are keen to update their skills for the changing technologies that influence their jobs.
  • Repco ($2.8M)  – to provide training for Repco workers in more than 140 automotive service stores in every state and territory. A total of 597 Repco workers will undertake training under the partnership which follows 12 months of consultation and skills analysis across the company.

 

Objective

The National Workforce Development Fund forms part of the Australian Government’s Building Australia’s Future Workforce package. The objective of the National Workforce Development Fund is to assist individual enterprises to increase their workforce capacity by providing existing workers and new workers with the opportunity to enhance their skill levels through formal training. The Fund will also increase the supply of labour and skills in sectors and occupations where there is a current or emerging skills need.

 

Eligible Projects

To access funding, Registered Training Organisations must establish a partnership with an enterprise or group of enterprises to support a proposal from the enterprise/s. The proposal will need to be submitted through the relevant Industry Skills Council.

Organisations interested in participating in the Fund will need to work with the relevant Industry Skills Councils during the application stage and if their proposal is successful, work with the Industry Skills Councils to implement Approved Projects.

 

Funding

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.

 

Timing

As part of the 2014 Federal Budget in May 2014 the Government announced that the National Workforce Development Fund will close.

This follows a previous government announcement that as at 21 March 2014, the Department of Industry would not be accepting or processing applications or requests for funding extensions for discretionary grants including the National Workforce Development Fund ahead of the Federal Budget in May 2014. Applications will not be reopened.

Applications submitted under the National Workforce Development Fund before 21 March 2014 will be progressed and if approved for funding will be supported through existing arrangements.

 

Additional Information

2017-02-09T17:12:35+00:00October 14th, 2014|