A wage subsidy scheme for apprentices and trainees has been welcomed by Western NSW VERTO CEO Ron Maxwell.
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Mr Maxwell hailed the funding, announced in the 2020 Federal Budget, as a 'much needed investment in Australia's long-term future'.
"Unfortunately thousands of apprentices, trainees and employees have been severely impacted by the COVID-19 pandemic since February this year, but this investment is outstanding news," he said.
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"Not only will the funding give more people in regional areas exciting, real-life employment and training opportunities, it will be a huge boost for local businesses that may have had to reduce staff or decrease output because of necessary COVID-19 cost-cutting measures.
Mr Maxwell said the funding announcement would help not only young people who are worried about finding a job after completing their HSC, but also older people needing to retrain, and employers who want to hire trainees and apprentices but are struggling to afford it amid the COVID-19 pandemic.
"Under this new subsidy scheme, employers will be eligible for 50 per cent of the wages for a new or recommencing apprentice or trainee for the period up to 30 September 2021, up to $7000 per quarter," Mr Maxwell said.
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