The Competency-Based Training Fund (CBTF) is a Government of Barbados/Inter-American Development Bank initiative designed to better equip Barbadian workers with the skills and competencies they need to excel in a rapidly changing world. The Fund represents Component I of the Skills for the Future Programme, and awarded grants of up to BDS$500,000 per proposal to partnerships between employers and training providers to implement 2 year competency based training programmes leading to certification by the Technical and Vocational Education and Training (TVET) Council.
Since its inception in 2013, the CBTF committed to financing thirty (30) partnerships representing traditional as well as emerging economic sectors. The Fund also facilitated the development of new occupational standards to be validated by the TVET Council such as Animation Level 3; Industrial Mechatronics Level 3; Film Audio Engineering Level 2; and over thirty (30) other standards.