26. The “Workforce Skills Development and Recognition Fund”, hereinafter referred to as “the Fund”, is established.
The Fund is dedicated to funding initiatives that meet the priority orientations and criteria for action defined by an asset allocation plan to further the purpose of this Act. The goals of such initiatives may include promotion of, and financial or technical support for, skills acquisition and development by the present and future workforce as well as knowledge about the skills needs of the labour market.
The allocation of the assets in the Fund to initiatives for the future workforce must take access to training by the currently employed workforce into consideration.
1995, c. 43, s. 26; 2007, c. 3, s. 22; 2016, c. 25, s. 7.