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TAFE Centre of Excellence Economic Impact

Investing in the Central Queensland TAFE Centre of Excellence is a direct way to support the Rockhampton community and help build a skilled future workforce for the region, while leveraging greater returns through University operations and staff and student expenditure.

Central Queensland faces a range of acute challenges, including a declining and ageing population, comparatively high levels of unemployment, the loss of talented students to south-east Queensland, and persistent skills shortages. COVID-19 has only served to amplify these challenges.

The Central Queensland TAFE Centre of Excellence will strengthen CQUniversity’s ability to provide world class training to counteract these negative trends and address critical skills shortages, in disciplines like automotive, mechanical engineering, plumbing, refrigeration, construction, carpentry, health and community services, emergency services, safety, hospitality and many more.

The Centre’s co-location with CQUniversity’s higher education operations will also serve to cross-pollinate training, industry engagement and research across future-focused areas such as hydrogen, biofuels, biomedicine and allied health, building innovation capacity in the region.

The development of the Central Queensland TAFE Centre of Excellence has the potential to directly create up to 133 jobs during construction. On top of this, the construction of the Centre will lead to increased VET student enrolments which will lead to additional permanent roles in training, industry liaison and student services. Ultimately though, more skilled workers will lead to better industry outcomes and productivity within the region – boosting the local economy and benefiting our community.

TABLE 1: ESTIMATED ECONOMIC IMPACTS*
    CONTRIBUTION TO GRP JOBS
    $ million/year^ DIRECT INDIRECT
Construction budget ($48.5 million)   73.6 133 284
CQUniversity operations Long Term  4.9 39 31
Student expenditure Long Term 48.2 188 186


TABLE 2: ESTIMATED STUDENT AND EMPLOYEE GROWTH*
   2020 2025 2030 % increase over 5 years
VET student enrolments 4250 5170 6300 48.2%
Trade student enrolments (apprentices) 1400 1624 1884 34.5%
    2025 2030 31% increase over 5 years
Estimated additional university employees   20 39 95.0%
Estimated additional university employees ($)^   $2.8 million $5.5 million 96.4%

* Estimates based on current project modelling and economic impacts of comparable projects.
** Includes indirect and consumption effects.
^ All figures quoted are in 2020 prices.