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WelTec Welcomes Government Investment

MEDIA RELEASE


15 November 2006 – for immediate release


WelTec Welcomes Government Investment


Wellington Institute of Technology (WelTec) today welcomed a government financial package that will support its business strategy and enable it to remain a leading provider of trades and technical training.

The package includes $12.7million in capital funding and $8.1million in delivery and project funding over the next two years.

“The package is a significant level of investment which will enable WelTec to meet student and industry education and training needs,” WelTec CEO Dr Linda Sissons says.

“WelTec recognises the importance of trades and technician level training to ensuring economic transformation.

“We have had 100 percent support from stakeholders in the Wellington Region. This funding is recognition that we support them with quality graduates and training that meets their skills needs,” Dr Sissons says.

Dr Sissons says the government’s investment is balanced with a commitment from WelTec to develop innovative delivery options. The package of support includes a strategic adviser, appointed jointly by WelTec and government, to assist with implementing the package.

Financial support for WelTec is coming from both the TEC’s Quality Reinvestment Programme (QRP) and a capital injection agreed by Cabinet.

Announced in July 2005, the Quality Reinvestment Programme was established to support ITPs and wananga so that what they offer is more closely aligned with the Statement of Tertiary Priorities and the needs of learners, employers, their communities and New Zealand as a whole.

“The next two years will transform the way WelTec delivers what is already recognised as high quality, highly relevant education. This is an exciting place and time for students, staff and industry,” says Dr Sissons.

ENDS

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