The number of Australian apprentices supported through the Coalition Government’s Trade Support Loans has doubled in the past year, with 40,000 apprentices accessing loans nationwide, including 139 in Pearce.
Federal Member for Pearce, Christian Porter, said the large number of applicants showed that the programme is a vital helping hand for Australian apprentices seeking to complete trade qualifications.
“I am pleased that the Coalition Government’s Trade Support Loans programme has allowed 139 apprentices in Pearce to access financial assistance while completing their training,” Mr Porter said.
“Apprenticeships are vital to boosting the nation’s skilled workforce and are delivering opportunities for young people entering the workforce and for those looking for a career change.
“I urge apprentices in Pearce in need of a helping hand to apply for a Trade Support Loan.”
The Trade Support Loans programme offers loans of up to $20,000 to help apprentices cover day to day expenses associated with living, learning and completing an apprenticeship. Trade Support Loans can also be used by apprentices to purchase necessary equipment for their chosen trade. The objective of the programme is to encourage and assist apprentices to complete their training in key sectors of the economy where there are real skill shortages.
“It is important we give apprentices the best chance to complete their trade qualification – the Coalition Government is committed to supporting apprentices in Pearce,” Mr Porter said.
As an additional incentive, the Trade Support Loans programme rewards those who successfully complete their apprenticeship by giving them a 20 per cent discount on their loan amount.
If you need help in apply for a Trade Support Loan more information on assistance for apprentices in available through Christian Porter’s office or you can visit http://www.australianapprenticeships.gov.au/publications/trade-support-loans