The JIP has been designed to pool private and public investment on a matched basis in a bid to grow training levels in key areas of the economy.
Nearly 140 employers and more than 3,500 learners will benefit from the funding pot with all trainees starting their courses before July next year.
According to Proskills, involvement with the joint investment programme means that training in the sector increases by 20%.
Terry Watts, Proskills chief executive, said the body was "delighted" to secure the funding.
He said: "I am really pleased by the response of employers in the sector to JIP; the large numbers of companies and learners, together with very significant financial and resource commitments, shows how seriously businesses in our sector take skills and how they will respond to a sector-driven initiative."
Skills Minister John Hayes, added: "We need to support the demand for technical skills in order to ensure that British businesses can succeed and take advantage of opportunities for growth."
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