The extra funding – which will be rolled out over the next four years – is in addition to $14.4m announced in New Zealand’s 2016 Budget.
The announcement comes amid high demand for trade workers to fill a growing skills gap in the country.
New Zealand’s Tertiary Education, Skills and Employment Minister, Paul Goldsmith, said that while the government was willing to provide resources, it also needed to support parents, teachers, career advisors and businesses.
“Industry trainees and apprenticeships are in high demand, and supporting work-based training is a priority for this Government,” Goldsmith said in a statement.
Josh Williams, Industry training Federation chief, said the funding boost recognises the current and future need for more apprentices and trainees in New Zealand.
“Skilled and qualified workers are the key to supporting prosperous communities and improving productivity,” he said, adding that people needed to see trades as a valid career option.
“The 148,000 trainees and apprentices currently in paid training are furthering their careers without racking up a student loan.”
The New Zealand Government has set a target aiming to train 50,000 trade apprentices by 2020.
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The New Zealand Government has announced $7m in funding to support more than 2,000 apprenticeships across the country.