Investment in Technical and Vocational Education Training

vocational training

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Investment in Technical and Vocational Education Training
Investment in Technical and Vocational Education Training
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Formal Education
Business Model Description

Invest in scaling up training and specialization of existing training centres by offering different courses/programs to match priority sectors identified within the country such as (agriculture, services, energy, infrastructure, amongst others). This will help in reducing the gaps and inequalities in the workforce and as a result reduce unemployment within the country

Expected Impact

Upscaling TVET services by matching it the to the economy's priority sectors will develop essential skills among the Belizean population and grant them greater access to the labor market

How is this information gathered?
Updated: 13 Dec, 2023
Belize
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
~1,100 students per year
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4) Decent Work and Economic Growth (SDG 8) Reduced Inequalities (SDG 10)

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Sector Sources
  • "1) Ministry of Education Statistics 2018-2019 https://www.moe.gov.bz/resources/education-statistics/" "2) Telecommunication Union Database, 2018 https://www.itu.int/en/ITU-D/Statistics/Pages/publications/wtid.aspx" 3) Statistical Institute of Belize https://sib.org.bz/ "4) Challenges and Opportunities in Belize Education Sector (2013) https://publications.iadb.org/publications/english/document/Challenges-and-Opportunities-in-the-Belize-Education-Sector.pdf " "5) Government Budget (2017-2023) https://www.mof.gov.bz/"
IOA Sources
  • 6) World TVET Database: Belize (2013) https://unevoc.unesco.org/wtdb/worldtvetdatabase_blz_en.pdf 7) International Labor Organization: State of Skills Belize (2019) https://www.ilo.org/wcmsp5/groups/public/---ed_emp/---ifp_skills/documents/genericdocument/wcms_742217.pdf "8) Plan Belize: Education (2020-2025) https://planbelize.bz/making-education-work-for-belize/" "9 ITVET School in Belize https://caribbeanlifestyle.com/itvet/" "10) Financing of education and technical and vocational education and training (TVET) in Latin America and the Caribbean (2019) https://repositorio.cepal.org/bitstream/handle/11362/44599/4/S1900376_en.pdf"