Would you invest in TAFE?
August 3, 2015 2 Comments
So I have been talking recently about the concept of federalising VET funding and what that would mean for various parts of the sector and offered some thought about how the State owned public providers, TAFE, could adapt to a funding mechanisms where they were not necessarily prioritised by the State government that owned them, and how different models might work out. So over the weekend, while building our new chicken coop, (there is no connection, I just do my thinking in strange places), I was thinking about various options. Given that TAFEs are state-owned entities this limits to some degree the amount of flexibility they have in terms of raising funds to be used for various purposes, I thought to myself, if there was an opportunity to invest in TAFE would I be willing to take it.
So here is my question for the day. If through some mechanism, share market float, private equity arrangements, or some other model, people were able to invest in TAFE would you and more importantly would you need to know or what structure would need to exist in order for you to be willing to do this.
If we were to look at the concept of an IPO or share market float, where for example the Queensland state government retained something over 50% of the ownership of TAFE and the rest of the TAFE was open for the Queensland public, or Australian public to purchase an interest in (in the form of shares), would you invest and would the general public of Queensland look on it as an opportunity to be part of the education of the state and be willing to put money into the system.
As most of you know I like to play games with ideas like this in head, so I would be really interested in hearing the thinking of other people about this little kernel of a concept.