Apprentice wage subsidy extension boosts jobs and the economy
The extension of the Federal Government’s 50 per cent apprentice and trainee wage subsidy is expected to provide new job opportunities in the industry that will spearhead economic recovery.
“The $1.2 billion extension of the Boosting Apprenticeship Commencements (BAC) scheme will also be a boost for economic recovery,” Master Builders Australia Chief Executive Officer Denita Wawn said recently.
“Governments around the country are harnessing the building and construction industry’s huge economic multiplier effect to accelerate the build to economic recovery. The extension of BAC will give employers confidence to take on new apprentices and trainees to help meet future demand for skills.”
Master Builders Australia called for the extension of employer support to take on apprentices and trainees in our Pre-Budget Submission, especially given the major success of the program so far. Making the extended program demand driven is a good move that will support more people to take up pathways to careers in our industry as it leads the build to economic recovery,” Ms Wawn said.