On 19 December 2016, the Australian Government announced that the Industry Skills Fund (ISF) will be closed for new applications from 31 December 2016, as part of a range of changes to programs through MYEFO. New enquiries and referrals to Skills Advice have ceased in line with the announcement with the view to the cessation of Industry Skills Fund Advisory Services from 31 January 2017.
Further information about the program changes will be available on the program’s website.
Identification of opportunities to maximise training outcomes. Experienced skills advisers dedicated solely to providing advice under the fund will work with businesses to:
Co-investment with businesses to improve the skills of their workforce for an identified growth opportunity.
The Fund operates a contribution model where businesses that are awarded funding must financially contribute to the proposed project. The required contribution amount (percentage of total project cost) is dependent on the size of the business determined by full time equivalent (FTE) staff levels:
Contribution amounts for businesses operating in or seeking to expand into Northern Australia are :
Businesses must cover in full, all costs not directly attributed to the delivery of the training and contributions cannot be in-kind.
For more information on the Industry Skills Fund, contact one of Ai Group's Industry Skills Fund Skills Advisers here, call 13 28 46, or complete an online enquiry form available at business.gov.au/industryskillsfund.
Central West NSW
North Coast NSW