Tertiary Education, Skills & Employment Minister Steven Joyce has announced that Budget 2016 (26 May) will provide $14.4 million over four years for more apprenticeship training.
This additional funding will help support another 5,500 apprentices by 2020.
In 2014 the number of those in apprenticeship training was up by 11.5% on the previous year and completion rates for apprentices were 88%, compared with 72% in 2009.
BusinessNZ Chief Executive Kirk Hope says the spending will be particularly welcome in the construction and infrastructure sectors where skill shortages are marked.
“General economic growth, improved labour market demand and particular needs in building, construction and infrastructure make expenditure on skills training timely."