November 13, 2023
Skills Ontario applauds the Government of Ontario for its continued support and funding for initiatives that enable more youth to pursue rewarding careers in skilled trades & technologies following the inclusion of a $5.4 million investment into the Skills Ontario Trades & Tech Truck Program in the Fall Economic Statement. The report states the major investment will go towards the creation of three mobile learning units which will accommodate 150,000 students per year. The investment was made possible through the Skills Development Fund Training Stream.
The Fall Economic Statement also contained updates on the Skills Development Fund, including $160 million being put into a fourth round of investments of employment training programs for people on social assistance.
“Skills Ontario supports and acknowledges the significant investment in supporting youth entering careers in the skilled trades and technologies by the Ontario Government and thank them, along with the Skills Development Fund, for investing $5.4 million into skilled trades education through the creation of three mobile learning units for our Trades & Tech Truck program,” said Ian Howcroft, CEO of Skills Ontario.
The Fall Economic Statement released today by the Ministry of Finance includes an additional $3 billion into a new Ontario infrastructure Bank to seek investment into critical public infrastructure projects like long-term care homes, affordable housing and energy projects, and $224 million investment in the Capital Stream to build more brick-and-mortar training centres that will provide more people with opportunities to learn new skills and advance their careers.