MEGT, Australia’s largest and only national apprenticeship network provider, welcomes the Federal Government’s $1.2 billion investment to subsidise the wages of 100,000 new apprentices in the year ahead.
Paul Bennett, General Manager, MEGT – Apprenticeship Network Provider, said the initiative is a clear indication the Government recognises the crucial role apprentices will play in Australia’s economic recovery from COVID-19.
“This initiative closes the loop and provides full circle support for Australia’s apprentice and trainee sector,” he said.
“The Supporting Apprentices and Trainee subsidy is helping employers to retain their current apprentices, but until now, there’s been limited support to encourage businesses to take on new apprentices. This initiative will go a long way towards ensuring new starter numbers climb in the right direction.
“It is estimated that around 320,000 apprentices and trainees are needed to avoid a massive skills shortage in years to come. At MEGT, we know that an apprenticeship or traineeship provides a valuable pathway for people of all ages to embark on an enjoyable and fulfilling career.”
Commencing 5 October, businesses that take on a new apprentice will be eligible for a 50 per cent wage subsidy regardless of geographic location, occupation, industry or business size.