Public Consultation on Proposed Exchequer – Employer Investment Mechanism for Higher Education and Further Education & Training
The 2016 report of the Expert Group on Future Funding of Higher Education “Investing in National Ambition: A Strategy for Funding Higher Education” concluded that employers are major beneficiaries of the outcomes of higher education and recommended the introduction of a structured contribution from employers as a core element of future funding for higher education. A copy of the Expert Group report is available: Investing in National Ambition: A Strategy for Funding Higher Education
In order to deliver on this ambition, the Minister for Education and Skills and the Minister for Public Expenditure Reform agreed that a proposed increase in the National Training Fund should be considered in relation to the funding needs of both the higher education and further education and training sectors. The aims are to deliver a skilled and educated workforce to employers, to maintain and to strengthen the economy’s growth potential and deliver benefits to society as a whole.
The Ministers launched a public consultation process on the proposal following a commitment to do so made as part of Budget 2017.