P.E.I.'s main community college says the announcement of money for an internship program in the federal budget this week is good news.

'Certainly it's positive for both the student and the employer.'- Dave Beaton, Holland College

Finance Minster Jim Flaherty announced Ottawa will spend $40 million over the next two years to help Canadian graduates get some hands-on experience. That will help fund 3,000 internships in what Flaherty called high-demand fields, such as engineering and trades.

Dave Beaton, director of programming at Holland College, said any investment put into training young people is good news.

"Anything that matches an employer with a student and facilitates that, and if there's some dollars that helps grease the wheels, then certainly it's positive for both the student and the employer," said Beaton.

The federal government also announced apprentices registered in red seal programs will be able to access a fund of more than $100-million in interest-free loans.

More information on how the programs will work will be available in the coming months.

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