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{"id":1473,"date":"2017-10-09T13:01:46","date_gmt":"2017-10-09T13:01:46","guid":{"rendered":"https:\/\/proactivetraining.com.au\/news\/2017\/10\/09\/vet-investing-in-australias-social-and-economic-future\/"},"modified":"2019-11-02T05:45:57","modified_gmt":"2019-11-02T05:45:57","slug":"vet-investing-in-australias-social-and-economic-future","status":"publish","type":"post","link":"https:\/\/proactivetraining.com.au\/news\/2017\/10\/09\/vet-investing-in-australias-social-and-economic-future\/","title":{"rendered":"VET \u2013 investing in Australia\u2019s social and economic future"},"content":{"rendered":"

Two state governments recently released VET investment plans for 2017-18. <\/em><\/h3>\n

VET is worth it. Ask the community. In 2016, there were an estimated 4.2 million VET students – that’s one in four Australians aged 15-64. VET participation is higher than its partner in tertiary education – in 2016, Australian universities enrolled 1.3 million students (including 518,000 international students).<\/p>\n

How governments invest in VET substantially influences the return individuals, communities and industry can capture from VET participation. Constant changes in VET policy and funding arrangements can be frustrating, but they are also inevitable. State and territory governments recognise their VET systems must respond to constantly evolving regional economies, industry profiles and skills requirements.<\/p>\n

Queensland’s 2017-18 Annual VET Investment Plan<\/em><\/h3>\n

The Queensland government’s 2017-18 Annual VET Investment Plan<\/a> (20 pages) explains how its $768.9m VET investment responds to emerging circumstances. While affirming current strategy and programs, two adjustments in particular are worth noting.<\/p>\n

First, the Plan embeds a clear regional focus. It acknowledges a practical and pressing reality that ‘economic and labour market changes are not being experienced consistently across Queensland.’ To that end, two initiatives are planned:<\/p>\n