The government has announced an unprecedented boost for apprenticeships this week, which will provide businesses with up to $16,000 to help cover costs of apprentices in their first two years of training, from August 2020 to April 2022.
Chief executive of MITO, Janet Lane, wholeheartedly applauds the announcement, stating that the Government is showing leadership and significant goodwill to businesses that take on apprentices.
She commented “Apprenticeship Boost is another substantial Budget 2020 initiative that recognises the contribution and commitment that employers dedicate to training their workforces through on-the-job training.”
The funding is a financial incentive to help recruit and retain apprentices during this critical time, when New Zealand is working through the impact of Covid-19. The funding is designed to cover 20 months of an apprenticeship, over the next two years.
Motor Trade Association Chief Executive, Craig Pomare, stated he was delighted with the announcement. “The workplace classroom is critical for our sector and it’s great to see that recognised and supported. Training the next generation of technicians will take priority with this initiative. A great outcome for everyone!”
The apprenticeship boost, along with the Targeted Training and Apprenticeship Fund, which removes training fees for all apprenticeship programs, reinforces the Minister’s tertiary education reform mandate.
“Having Apprenticeship Boost alongside the Targeted Training and Apprenticeship Fund to financially support businesses who train apprentices is unprecedented, and significant to New Zealand’s post COVID-19 recovery.” adds Ms Lane.
For more information, or to enrol, visit mito.org.nz