Qualifications Framework Fund
Recognising the importance of Qualifications Framework (QF) in maintaining a quality workforce, the Chief Executive announced in the 2014 Policy Address to establish a dedicated fund of $1 billion, namely the QF Fund, to provide a steady source of income to support the sustainable development and implementation of QF. Established on 1 September 2014, the QF Fund is an endowment fund to support different schemes/initiatives for the sustainable development and implementation of QF, including but not limited to the following two areas:
- Designated Support Schemes for QF (with the previous "Qualifications Framework Support Schemes" incorporated and some operating parameters relaxed); and
- Funding for ITACs, QF-related studies or projects and public education.
The Education Bureau set up the Steering Committee on QF Fund in 2014 to advise the Secretary for Education on the policy and administration of the QF Fund. To foster collaboration and create synergy between Vocational and Professional Education and Training (VPET) promotion and the QF, the Education Bureau set up the Steering Committee on Promotion of VPET and QF on 1 September 2020 to advise the Government on the promotion of VPET and QF through a coordinated approach. It also advises the Secretary for Education on the policy and administration of the QF Fund. The Steering Committee on QF Fund was disbanded on the same day.
Last Review Date: 08/03/2021