Skillnets is funded by my Department through the National Training Fund (NTF) to act as an enterprise-led support body dedicated to the promotion and facilitation of enterprise training and workforce development as key elements in sustaining national competitiveness. Its primary role is to increase participation in enterprise training by companies to upskill the workforce and provide greater access for workers to skills development.
Participating companies provide up to 50% in matching funding to the grants approved by Skillnets.
The funding allocated by my Department and the number of participants for the period 2012 - 2016 are as follows:
Year
|
2012
|
2013
|
2014
|
2015
|
2016
|
Allocation
|
14.5 ml
|
14.5 ml
|
15.69 ml
|
16.2 ml
|
16.2 ml
|
Number of Participants
|
43,974
|
45,712
|
46,449
|
48,923
|
50,328
|