Contribution of TVET to economic growth: an Australian case study Peter Holden Executive Director, International

3.5 million Australians involved in education and training (16% of population) Universities 39 (+2) Schools 9,600 Australia’s education and training sector TAFE Institutes Registered Training Organisations 5000 Learning Institutions 61

Existing research & studies National Centre for Vocational Education Research collects and analyses data on: Student enrolments, completions, pathways, outcomes Financial data on institutions Employers’ use and views of the TVET system Commissioned research on specific topics

A new approach to evaluating TVET Independent research on TVET’s contribution to economic growth: Access Economics commissioned by TDA in 2012; report delivered in 2013 A cost-benefit analysis and returns from additional investment in TVET

The results Confirmed funding of $AUD2.7 billion over 5 years in TVET will result in a net benefit of 13.4 cents in every dollar:

The results A further expansion of funding ($AUD 6.7 billion over 5 years) will deliver a net benefit of 32.5 cents in very dollar spent:

For more information Summary of the report and TDA policy statement Summary Full report