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$40 million from the Provincial Growth Fund has been reprioritised to support up to 1000 regional apprenticeships.
The initiative is part of the wider Apprenticeship Boost announced by Education Minister Chris Hipkins and Social Development Minister Carmel Sepuloni yesterday.
Regional Economic Development Minister Shane Jones says it will provide a funding boost for the regions and will ensure the pipeline of skilled workers the regional economies will need in the future is maintained.
The initial focus of the scheme will be on helping workers displaced by the effects of COVID-19 as well as Māori and Pacific peoples, but once that initial need has been met the fund will be open to all regional apprentices and employers.
Employers can get up to $40,000 of support per apprentice, including a wage subsidy of up to $16,000 for the first year of training and up to $8000 for the second year.
It can also be used for training costs and pastoral care.
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