$4 Million Rescue Fund for NMIT
Today the Andrews Government announced that Melbourne Polytechnic or Northern Melbourne Institute of TAFE (NMIT) would receive $4 million in emergency funding to help this TAFE work towards getting back on its feet.
This $4 million is a part of a $20 million TAFE Rescue Fund and will be used to support the Institute to rebuild its operations and training delivery. Melbourne Polytechnic will also use the funding to retrain and redeploy staff, reducing the need for staff redundancies.
The funding comes after the previous Coalition Government’s TAFE cuts brought the sector to its knees and left Victorian TAFEs in financial turmoil, with the state’s 12 institutes, including Melbourne Polytechnic, forecasting a combined $71.8 million operating loss for last year.
Melbourne Polytechnic is one of seven struggling TAFEs who will share in the first fast-tracked $20 million from the $320 million TAFE Rescue Fund.
Quote Attributable to the Member for Ivanhoe, Anthony Carbines MP
“The Coalition’s cuts gutted our TAFE system, making it so much harder for our kids to get skills, get a job and build a better life.”
“This is great news for the West Heidelberg campus that was gutted by the Liberal government. Our local TAFEs are critical for the future training and skills of our young people.”
Quotes Attributable to the Member for Eltham, Vicki Ward MP
“This is an important first step in repairing the damage inflicted on our TAFEs, including Melbourne Polytechnic by the previous government. We are already hard at work fixing the TAFE sector and working towards the re-opening of Greensborough TAFE.”