Government Funding Types
option 1: NATIONAL WORKFORCE DEVELOPMENT FUND (NWDF) is no longer taking applications for funding
This unique opportunity provides funding direct to industry to pick and choose relevant training for their workforce, A key objective of NWDF is to assist enterprises to increase their productivity and safety via formal training and up-skilling new and existing staff.
Through the National Workforce Development Fund (NWDF) the Australian Government will provide $558 million to industry to support training and workforce development in areas of current and future skills need over the next 4 years.
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.
3CM's Advisory & Consultancy Service can perform or assist you with the workforce development planning, training needs analysis, employee competency profiling, skills mapping etc.
Please note that these conditions are subject to change without notice. Please see www.skillsconnect.gov.au for the most up to date NWDF guidelines.
option 2: INDUSTRY SKILLS FUND
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 prioritises SMEs, including micro businesses, and is delivered through the single business service, which streamlines access to essential information for all Australian businesses.
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.
The Industry Skills Fund – Growth Stream is now open for applications...click here to contact us
option 3: WESTERN AUSTRALIAN TRAINEESHIP INCENTIVES
Available for select Cert IV and Diploma Qualifications only:
- BSB51107 Diploma of Management (24 months)
option 4: TRAINEESHIPS - Existing worker*
This scheme targets employees who have been employed for longer than 3 months full-time (or 12 months part-time), and is dependent upon existing qualifications. Commonwealth incentives of up to $3000 (up to $1,500 for part-time) are available and are paid directly to employers.
option 5: TRAINEESHIPS - New entrant*
This scheme targets employees who have been employed for less than 3 months full-time (or 12 months part-time), and is also dependant upon existing qualifications. Again, Commonwealth incentives of up to $4000 are available and are paid directly to employers.
option 6: WA PAYROLL TAX EXEMPTION
For each eligible employee you have on a Traineeship in Western Australia, your business could potentially exclude that employee's wage from Payroll Tax (5.5%) for the full duration of the training, up to 2 years.
option 7: USER CHOICE*
User Choice is a national policy initiative that facilitates the disbursement of funding and incentives to RTO's. Designed to make Vocational Education & Training (VET) more responsive to the strategic needs of Australian industry, User Choice works with Australian Apprenticeships in order that employers, apprentices, and trainees may:
- Choose the RTO that best provides them with training services
- Negotiate key aspects of training (where, how, and when it is provided)
User Choice funding is paid directly to the relevant RTO, potentially reducing direct outlays by the employer.
option 8: INVESTING IN EXPERIENCE – SKILLS RECOGNITION & TRAINING (IIE-SRT) – Over 50’s Funding
Investing in Experience (Skills Recognition & Training) (IIE-SRT) is an Australian Government program which is providing $20 million over two years to support up to 5,000 mature age workers (aged 50 years and over) to gain nationally recognised qualifications. It is designed to provide an opportunity for mature age workers to have their current capabilities recognised and to receive training to fill any knowledge or skills gaps.
They can then obtain a nationally recognised qualification at the Certificate III to Advanced Diploma level. Under the IIE–SRT program, employers can apply for grants of up to $4,400 (incl. GST) to assist their mature age workers to undertake a skills assessment and obtain gap training if the skills assessment identifies a need. The funding applies to both employees and the self employed, with these individuals needing to meet a number of eligibility criteria.
option 9: WORKPLACE ENGLISH LANGUAGE AND LITERACY (WELL)
Provides funding for English language, literacy and numeracy training linked to job-related outcomes. Assists in the delivery of specialist training to address language, literacy, and numeracy concerns in your workplace. Training is flexible and can be varied to suit the individual needs of teams and their leaders.
Benefits of the WELL Program
WELL training is an important enabler in the workplace. It also has significant impact on productivity and individual job performance.
What are the proven benefits of the WELL program from an employer's perspective?
- 79% of employers surveyed agreed that employee job performance had improved
- 64% of employers agreed that employee productivity had improved following WELL training.
Interested?... the next step is yours
We would love to hear from you, simply call 3CM on 1300 159 000 or CONTACT US today so we can meet and discuss your organisational requirements and eligibility.