Back at the beginning of the financial year we highlighted some of the significant announcements published which affected funding for the education and training sectors. As we are mid way through the 2015 financial year, we take a recap and look at funding allocated to this industry across various states.
How does funding affect you?
The more funding for schools, early learning and higher education allocated, the greater the opportunity and expenditure available to fulfil various needs within the sector and in particular, various departments.
Some of the areas highlighted for education and training for 2015-2016 were lifting the quality of initial teacher education (providing $16.9 million from 2015-16 to 2018-2019), the Universal Access Extension (providing $840 million, adjusted for the Consumer Price Index, to support preschool programmes for a further two calendar years) and changes to strengthen the Higher Education Loan Programme (HELP) system. To find out what these and other policies means for education and training sectors visit https://education.gov.au/portfolio-budget-statements-2015-16
Looking at some states in particular, here is a recap on some of the allocations:
According to the Queensland Government, the budget for 2015-2016 includes $248 million over four years for extra teachers- the goal to lower class sizes and provide greater support for high schools. Over $439 million in 2015-2016 towards building for education, training, early childhood education and prep learning facilities. In addition $300 million allocated towards school maintenance over the four year period.
According to an article published by the ABC, there will be $2.3 billion for vocational education and training, $50 million increase to non-government school capital funds, and $456 million allocated for public school infrastructure.
According to the Department of Education and Training Victoria, here are some of the budget highlights for 2015-2016. For Victoria, the 2015-2016 is the biggest school budget on record, allocated at $3.5 billion. With a $730 million investment towards school infrastructure, $111 million towards building new schools and $325 million for upgrades and renovations. In addition there is over $148 million invested towards camps, sports and excursions funding. View these and more initiatives under the current budget.
According to the Government of Western Australia, for 2015-2016 there will be an additional $191 million over four years for new and expanded schools, bringing total investment to $1.2 billion, view more.
To discuss marketing to the education sector or for further details contact us.