Government fund for upskilling employees
Grant Types #4: Upskilling small business employees
(Post updated on September 23, 2020)
These programs require the business to agree to support the development of the necessary skills needed for the employee for their role. These skills usually are developed as part of a formal training process that is delivered over an agreed period and often takes place in the workplace.
Depending upon the circumstances of the business, employers may be eligible for between $1,500 and $4,000 per trainee to assist in the cost of delivering the required skills programs. Once the accredited training is complete, the funds become available to the employer.
In addition to the fee paid to the employer, there may also be savings in various State taxes like Payroll Tax available. In some industries, the award for that industry or role may also allow a lower trainee or apprenticeship wages paid given the investment in training made by the employer.