Government eye target of 50,000 apprentices by 2020
The Government has announced it will spend an extra $10 million on work-based training next year, introducing a new target of 50,000 new people trained in apprenticeships by 2020.
The extra money will take next year's total spend to $183 million, Employment Minister Steven Joyce announced on Wednesday.
It's expected to fund an additional 1400 apprenticeships and similar training programmes, adding to the 42,000 currently involved in training.
"In a strong economy more employers have the confidence to hire and train apprentices to meet their future skills need," Mr Joyce said.
"This 50,000 target signals that we will back employers and industry training organisations as they grow their apprenticeship and trainee numbers."
Two new skills hubs will also be built in Auckland as part of the Government's Business Growth Agenda, he announced.