Australia’s largest and most representative business network has welcomed the federal government’s announcement of a $12 million investment to strengthen Australia’s Vocational Education and Training (VET) workforce.

The Australian Chamber of Commerce and Industry (ACCI) says the announcement, which coincides with National Skills Week 2024, will help address the critical workforce challenges across various key industries.

This includes aged and disability care, energy and renewables, construction, and manufacturing.

The VET sector plays a vital role in equipping Australians with the skills required to meet the demands of our evolving economy.

The $12 million boost aims to empower Jobs and Skills Councils (JSCs) to better respond to industry needs, in collaboration with Jobs and Skills Australia and other key stakeholders.

ACCI chief executive officer Andrew McKellar said, “This investment is a positive step towards ensuring the VET sector can better meet the evolving needs of Australian industries.

“The role of the JSCs is particularly important in this context, as it helps to ensure that industry voices are central in identifying and addressing workforce challenges,” Mr McKellar said.

“With nine out of ten new jobs requiring post-compulsory qualifications, and almost half of these being VET-based, all new funding is welcomed to ensure that our workforce is well-prepared for the future.”

ACCI says it’s committed to working alongside the government, industry partners, and educational institutions to continue advocating for a VET system that supports both students and businesses and ensures Australia remains competitive in the global market.