Allocating funding in a growing VET sector
30 September 2010, by Robin Shreeve
When Skills Australia was developing its Australian Workforce Futures strategy, our modelling indicated that there would need to be a 3% growth per annum in tertiary education enrolments over the next 15 years if we were to supply the qualifications needed to ensure the nation achieved its desired levels of economic growth.The next decade and a half thus offers enormous potential opportunities for the tertiary sector. In economic terms, the emphasis should shift from worrying about the supply side to worrying about the demand side. We need to attract more individuals and enterprises into our training programs. So how do we allocate scarce resources to make sure this growth is achieved efficiently and effectively?
