The Skills Development Scheme supports businesses in providing training focused on developing a knowledge-based workforce by:
- developing and updating the skills and knowledge of their workforce
- training new employees to acquire the necessary skills and knowledge to perform effectively
- addressing skills shortages
- facilitate re-skilling and address skill mismatches
The incentive is available to both SMEs and Large enterprises. The support is primarily intended as a tax credit yet the Corporation may approve support as a cash grant or a mix of both. Support approved may cover up to 70% of the cost of training including the wages of trainees for the time dedicated to receiving training.
Applications may be submitted until 30th November 2023.
A draft version of the application form may be viewed below. Applicants are advised to always download the application and related templates directly from the client portal to ensure that the latest version required by the Corporation is submitted.
Applications are to be submitted through the Corporation's CLIENT PORTAL. (First time users will be required to create a profile)