Policy Address
Integrating Vocational Education with Employment Support
106. Second, the Government will launch a pilot training and support scheme to attract and retain talent for industries with a keen demand for labour by integrating structured apprenticeship training programmes with clear career progression pathways. The Government and participating industries will provide a grant or an allowance for apprentices in the first year of training and the ensuing three years of apprenticeship. These industries must undertake to employ trainees who have completed training at a particular salary level and provide them with clear career progression pathways. The VTC will be responsible for implementing the pilot scheme, which will benefit 2 000 trainees.
107. Third, from the 2014/15 academic year, recurrent funding will be allocated to the VTC to provide industrial attachment opportunities for all students of higher diploma programmes and students of some Diploma in Vocational Education programmes. Over 9 000 students will benefit from the measure.
Qualifications Framework
108. Fourth, the current Qualifications Framework Support Schemes will end soon. After reviewing the effectiveness of the schemes, the Government will set up a $1 billion endowment fund, the investment income of which will be used to provide long-term support for the sustainable development of the Qualifications Framework.
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