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National Training Fund

Dáil Éireann Debate, Tuesday - 23 June 2020

Tuesday, 23 June 2020

Ceisteanna (163)

Thomas Byrne

Ceist:

163. Deputy Thomas Byrne asked the Minister for Education and Skills if the funding provided through the National Training Fund for the human capital initiative was included in the overall annual expenditure ceiling of his Department. [11978/20]

Amharc ar fhreagra

Freagraí scríofa

I can confirm that the funding provided through the National Training Fund (NTF) for the Human Capital Initiative (HCI) is included in the overall annual expenditure ceiling of my Department.

The NTF forms part of the expenditure ceiling for the Department of Education and Skills. On that basis NTF spending is subject to EU expenditure rules which as the Deputy will be aware are designed to ensure that growth in public expenditure is sustainable and supports the achievement of key fiscal targets. The additional funding required for the HCI was added to my Department's expenditure ceiling in 2020.

€623m is being invested from the NTF in programmes in 2020 which meet skills needs in the economy, support unemployed people in their journey back to work and assist those in employment to acquire new skills.

This includes investment in the HCI. The HCI is a 5-year programme of increased investment in priority skills in higher education amounting to €300m over the period 2020 - 2024.

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