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Canada Unveils $258.6M Skilled-Worker Training Fund, $50M a Year After
Jobs Minister Patty Hajdu announced today in Thunder Bay that the Sectoral Workforce Innovation Fund will invest up to $258.6 million over five years, plus $50 million a year ongoing, to close critical skilled-labour gaps with industry-led solutions.
Why it matters
This is the second day in a row of major federal training announcements: yesterday Ottawa unveiled $430 million to help unions and training bodies buy facilities and equipment. The government aims to train up to 100,000 new skilled workers over the next five years to support its ambitious infrastructure agenda.
Full report
The Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, announced today (Oct 16) at Klimit Mechanical Ltd. in Thunder Bay, Ontario: up to $258.6 million over five years through the Sectoral Workforce Innovation Fund (SWIF), with $50 million a year in ongoing funding after that, to address critical skilled-labour shortages through industry-led solutions.
The fund targets sectors such as energy and critical minerals, financing projects that can speed up training or certification, closing the gap between workers' skills and industry needs, and helping key sectors and regions recruit, train and retain skilled workers.
Hajdu also highlighted the $2 billion, eight-year home retrofit program announced earlier by Prime Minister Carney: up to one million home retrofits across the country to cut energy bills and emissions; SWIF will build the skilled workforce needed to deliver that work.
Carney announced the creation of SWIF a little over a year ago, and the government opened project applications in August. Ottawa is now seeking ambitious, industry-driven projects that respond to pressing workforce needs and deliver results for workers and employers.
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