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Nov 26, 2021

   

Industry News

Province announces $90M to promote skilled trades

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Allocated over three years, funding aimed at alleviating skilled worker shortage

Ontario has announced new funding of $90 million over three years to attract more youth to the skilled trades.

It’s the province’s latest move to help shrink the growing gap in skilled tradespeople, which is being fuelled by a growing number of retirements combined with fewer youth entering the trades.

According to provincial estimates, by 2025, as many as one in five jobs in Ontario will be in the skilled trades, but the average age of people entering the trades is 29. At the same time, a third of tradespeople are nearing retirement, meaning the province is projected to face a shortfall of 100,000 construction workers over the decade.

Read the full story from Northern Ontario Business HERE.