How can my company get a subsidy for training and professional development?

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Industry Training Organisations (ITO’s) are funded by the Tertiary Education Commission to provide training relevant to their industry groupings. They have a pool of funds allocated to them annually and contract Registered Training Providers, like Industry Training NZ (ITNZ), to deliver the training. They do not do any training themselves, rather they monitor training in their industry, liaise with companies that employ staff in the industry, monitor existing USs for relevance and work with industry to provide new USs where there is a need for them.

ITO’s will subsidise training for company employees that are undertaking relevant training. Each trainee has to be enrolled with the ITO to receive the training and there is usually a one off fee. This enables subsidised training up to $1000 per trainee per year. An ITO expects each person enrolled to gain at least 20 credits for the year.

ITO subsidies vary and can be as high as 67% of the training costs. The ITO funding can all be spent on one person in a year or spread over a number of trainees - it does not affect the amount available. This is why it is important to have staff with ongoing training needs enrolled.

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