Purpose
The purpose of the Industry Training Fund is to support ITOs to achieve outcomes in line with the Tertiary Education Strategy, their distinctive contributions to the tertiary sector, and their statutory functions under the Industry Training Act 1992. The outcomes must also be in accordance with their approved Investment Plans, and the TEC's operational policies, including those presented on this website.
Industry training is a partnership between government and industry. Industry training funding is intended to meet a proportion of the costs incurred in the development of qualifications, arrangement of training, and sector leadership role, with the balance being provided by contributions from each ITO's recognised industry(ies).
The Industry Training Fund is targeted towards employment-based training linked to national qualifications, predominately at Levels 1-4 on the NZQF[1]. There are restrictions on delivery above level 4, and on overseas activity.