| Who applies?
|| Fund focus:
Learning focus, Workplace training
|| Agreed through?
Investment Plan (on Plan)
Industry training is a partnership between government and industry and is delivered to people in employment. Industry training helps support the development of skills that meet industry needs.
Industry training is primarily governed by two Acts:
The Industry Training Fund (ITF) has been established to support industry training. The ITF enables industry training organisations (ITOs) to carry out their statutory responsibilities of:
- developing and maintaining skill standards (unit standards and qualifications)
- developing and maintaining arrangements for the delivery of training.
ITOs must achieve outcomes that are consistent with:
The ITF is the Government’s contribution to the cost of training. The balance of the cost is met through contributions from employers, trainees and apprentices.
The funding mechanism for the ITF is issued by the Minister for Tertiary Education, Skills and Employment. The funding mechanism outlines the general form and essential components of the fund. It provides the mandate for the TEC to allocate the funding, and details how we administer the fund. Allocating this fund helps support the achievement of government policy and the Tertiary Education Strategy.
The fund supports industry training which provides formal, structured employment-based training leading to qualifications, predominantly at levels 1 to 4 on the New Zealand Qualifications Framework (NZQF).
Training is provided to trainees, New Zealand Apprentices, and Modern Apprentices (until the end of 2017).
The ITF also supports industry training-related projects for the following purposes:
- to meet costs associated with ensuring the integrity of the ITF, including audits
- to support the organisation of vocational skills competitions
- to assist ITOs to undertake joint ventures or mergers, support best practice or enhance their efficiency and effectiveness.
Direct funding scheme
From 2014, eligible organisations have been able to access the ITF by participating in the direct funding scheme. Participants must be
- an employer or group of employers
- industry associations that are part of a consortium arrangement, or
- a group training scheme.
An organisation funded through the direct funding scheme is exempt from submitting a proposed Investment Plan. It is funded as a tertiary education organisation (TEO) through a funding letter (off-Plan).