The Andrews Labor Government today opened conversation about growing jobs and prosperity in the state’s international education sector with the release of a discussion paper as part of the $200 million Future Industries Fund.
Minister for Industry, Lily D’Ambrosio also announced the release of the food and fibre sector discussion paper as the first round of the Future Industries discussion papers, with the remaining sectors to be released soon.
The Fund is to support industry sectors capable of driving significant jobs growth and new investment across Melbourne and regional Victoria.
Ms D’Ambrosio, working with the Minister for Agriculture, the Minister for Training and Skills will engage directly with key stakeholders. In addition, the Department of Economic Development will consult widely with relevant industry groups and professionals, businesses, other levels of government and the community through targeted roundtables, forums and the website.
International education has stood as Victoria’s largest services export industry for over a decade. Growing global demand for education services will see over seven million tertiary students studying outside their country of citizenship by 2020, with demand for education services delivered in offshore settings or through online technologies also rising.
A Ministerial Advisory Council chaired by former Tasmanian Premier David Bartlett will provide strategic guidance to the Future Industries initiative.
Following consultation on these sectors, a second round of discussion papers for new energy technologies, transport and construction technologies, medical technologies and pharmaceuticals and professional services will be released.
Informed by consultation, the Government will develop sector strategies for release later this year.
Quotes attributable to Minister for Industry Lily D’Ambrosio
“The Future Industries Fund supports industry sectors that are primed for growth to become vital contributors to the Victorian economy.”
“Government and industry need to work together to capture the opportunities to expand these industries, attract new investment, create new jobs and build the Victorian economy.”
“The identified priority sectors could drive up to $70 billion in additional economic output and 400,000 new jobs by 2025.”
Quotes attributable to Minister for Training and Skills Steve Herbert
“Victoria’s position in international education cannot be taken for granted. International education is a highly dynamic market with fast changing consumer preferences.”
“I encourage all members of our education community to work with us to prepare for the future.”
Reviewed 19 August 2020