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Property News

NT awards scholarships to support local students

March 27, 2012

Student expenditure adds a significant amount to the economy through a variety of different avenues - rental property, meals and entertainment generate revenue for local communities located close to educational institutions.

Often, university and college-goers move out of state and look to rent a house with other students. Sometimes this movement causes concern for specific areas, if there is a likelihood that the student will look for greener pastures and not return.

Many states see their students as an investment and therefore would like their education to contribute to the well-being of their home base.

Echoing this sentiment, the Northern Territory government has provided 168 scholarships to local students to aid in their progression towards becoming skilled assets through tertiary pursuits.

Minister for business and employment Delia Lawrie said that training citizens is the first priority in meeting demands of new projects and expansion in the state.

"By assisting Territorians, the Henderson government is improving the Territory’s workforce and encouraging growth and industry diversification so that the Territory will continue to grow both economically and socially," she said.

Ms Lawrie is confident that the awards will play a large role in strengthening the Northern Territory's workforce.



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