Queensland Budget for Entrepreneurship, Workforce Planning and Development
Highlights from the budget for jobs, skills, workforce development and planning include:
- Jobs Now, Jobs for the Future
- Support for rural and regional Queensland
- Restoring Tourism
|10,500||Roads & Transport|
|1,500||Education & Training|
|6,500||Energy & Water|
|3,500||Health & Community|
A Regions-Regional Infrastructure Fund will provide,
$200 million over two years for critical infrastructure projects in regional Queensland. Funding will be targeted to meet the specific needs of communities and support economic development.
Restoring Tourism focuses on growth with strategies to attracting aviation investment, promoting events and delivering a memorable Commonwealth Games.
The Queensland Government aims to boost skills and training with the reintroduction of Skilling Queenslanders for Work initiative,
Skilling Queenslanders for Work represents a significant investment of $240 million over four years to support 32,000 Queenslanders back into work and boost the skills of the Queensland workforce.
Looking to the jobs of tomorrow,
The Government is planning for the workforce of tomorrow, providing $40 million over four years to establish Jobs Queensland.
Jobs Queensland will be an independent statutory authority providing advice to the Government on skills demand and long-term workforce planning in Queensland.
A must read for anyone interested in economic development, employment, entrepreneurship, jobs, skills, Vocational Education and Training (VET), workforce planning and development of the Queensland Government employment plan.
Another key investment area is Rescuing TAFE,
The Government will invest $34.5 million over the next four years to restore TAFE Queensland to its rightful place as the premier provider of VET in Queensland.
Funding will be directed at helping TAFE Queensland deliver foundation courses, increase the number of qualifications available through VET in schools and hire additional teaching and support staff.
Payments to support state skills and workforce development services see an increase from 1,455.5 million in 2015-16 to 1,529.2 million.
The budget has a number of small business initiatives such as,
- Red Tape Reduction Advisory Council
- Business and Industry Portal
- Queensland Small Business Advisory Council
- Home Based Business Program
- Payroll tax rebate for apprentices and trainees
- Business Development Fund
To assist innovative and emerging industries, the Government is establishing the $40 million Business Development Fund as part of the $180 million Advance Queensland package.
Over the next four years, the Fund will provide early stage venture capital to emerging and growing innovative Queensland businesses.
Investments, up to a defined limit, will be made on a matching basis with private sector co-investors.
An exciting component of the budget is Advance Queensland,
A $180 million investment in innovation, skills, education, business development and startups to diversify the Queensland economy and deliver knowledge-based jobs now and into the future.
$50 million to develop, attract and retain world-class talent and skills by:
- Delivering new research fellowships and scholarships to increase research talent
- Global Partnership Awards to support collaboration between Queensland graduates and entrepreneurs with international companies and institutions
- A future schools review of the teaching of science, technology, engineering and maths, including coding and computational science, ICT and robotics so that our kids have the jobs of the future
- Knowledge Transfer Partnerships to link industry and universities through funding opportunities for small and medium enterprises (SMEs) to have postgraduate graduates work in their business on an identified problem or project.
With the Queensland Government focusing on employment and entrepreneurship specifically supporting startups and with business, community and youth outcomes, there has been mostly positive press and feedback:
For further information on the Home Based Business Grants go to: https://www.business.qld.gov.au/business/support-tools-grants/grants/home-business-grants
All of these announcements and investment has implications for apprenticeship network providers, business and industry associations, economic development, employment services, higher education providers, group training organisations, Registered Training Organisations, schools and universities.
A new webinar series will be released shortly, with limited places and a deep analysis of the implications and opportunities for you so watch your email inbox!