Sunday, December 9, 2018

Skilled Capital Funding - Real Skills for Real Careers

Mantra Training& Development started operating in July 2008, we had a vision that we could help those that thought education was not affordable. Over the years we have seen many funded programs come and go (PPP, PSP) and many programs that have stayed the test of time (User Choice – Traineeships). One thing we know to be as true today as it was well before we started is "Education changes lives".

Whilst all of these programs have been extremely valuable, it has been said that Skilled Capital has been more successful than we ever thought possible since its inception.

The statistics that we were shown at the November RTO Forum were extremely exciting and the outcomes greater than what was anticipated. This is great news for the future of VET in the ACT. We know it has opportunities for those developing employability skills and increasing self confidence.

Our Vision for the future is to be able to support more learners using this program to enable people to develop the necessary skills to enter the workforce. For many years now we have assisted long term unemployed, learners with disabilities and learners who just need a helping hand to regain their confidence and skills. We can only imagine what is possible for the next 10 years and we look forward to seeing the results between 2019-2025.

What is Skilled Capital Funding

Skilled Capital funding is an ACT Government funded training initiative offering a comprehensive range of services and subsidies to provide Canberran's the support they need to complete the training that is right for them.

Skilled Capital offers an opportunity for the Canberra community to access quality training and fill critical skills needs areas across a range of industries such as community services, information technology, health and construction.

Who is Eligible for Skilled Capital funding? 

To be eligible for Skilled Capital, you must, at the time of enrolment, be:

  • an Australian citizen, permanent resident, or New Zealand passport holder resident for more than 6 months, or
  • an eligible visa holder, and
  • living or working in the ACT, and
  • at least 15 years of age, and
  • not enrolled in or attending secondary school or college except where the student:
    • is undertaking a course of study leading to completion of year 12 in an alternative program, or
    • has an Exemption Certificate and the selected Skilled Capital qualification is an approved Australian School-based Apprenticeship pathway.
In addition to the above, to be eligible for a certificate II level Skilled Capital qualification, your training provider must have evidence to demonstrate that a certificate II qualification is a justifiable learning pathway for you.
Previous education and training will not impact your eligibility for Certificate III qualifications and above. However, you cannot be funded for a qualification you have completed within the last 7 years. Also, you can only be subsidised for 1 Skilled Capital qualification at a time.


What courses are available?

We have a range of courses that will be funded in 2019. These courses can assist you to get into the workforce or further develop your skills to be able to advance you career or even change career direction completely.


What is a completion Bonus 

Students who successfully complete their qualification are eligible for a completion payment. A completion payment will be paid directly to the student upon completion of the qualification and a survey. The completion payment is:
  • $300 for each qualification
  • $100 for each Skill Set.
Students will be eligible to receive the completion payment for up to one (1) year after the date deemed competent, provided up to date email and bank account details are confirmed. The student must lodge their bank details via the AVETARS student portal.
A student is not eligible for a completion payment where more than 50% of the units are completed through RPL and/or credit transfer (refer to Completion Arrangements).

Here are two examples;

Student A: Student enrols in Certificate III in Business and is found to be eligible for Skilled Capital funding, the student does not have a valid health care card so is required to pay $350.00.

Student B: Student enrols in Certificate III in Business and is found to be eligible for Skilled Capital funding, the student does have a valid health care card and may be eligible to have their fees waived so is required to pay $0.00.

Here are some FAQ

Q - If I work full time can I still enrol in a course and be eligible, 
A - YES as long as you meet the criteria

Q - Will I have to pay fees if I don't have a health care card. 
A - Yes, but it may be at the most $500.00 saving you $3000 if it is a Certificate IV level qualification

Q - Is it true we receive a completion payment at the end of $300.00
A - Yes this is once you have successfully completed your course and completed a survey with the ACT Government

How do I know if I am eligible

To check your eligibility please contact our office and we can easily assist you with our eligibility check process and assess if you are able to have Fees waived under the criteria.

1300 898 872 

Visit our website for more information