Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


3 Funding Agencies Accelerate Economic Development

Three Funding Agencies Join Forces To Accelerate Economic Development

“We aim to focus all our resources to do everything possible to accelerate the rate of economic development of this country,” said the Chairman of New Zealand Trade and Enterprise, Phil Lough, as he announced the intention of three of the Government’s most influential funding agencies to work much more closely together.

In the future the leadership of New Zealand Trade and Enterprise, the Tertiary Education Commission and the Foundation for Research, Science and Technology will co-ordinate their decision-making and their allocation of funds.

New Zealand Trade and Enterprise is responsible for implementing the Government’s economic strategy.

“We need new workforce skills and fresh knowledge generated by R&D for this strategy to get real traction. Consequently there’s a big premium to be gained from our working ever more closely with the Commission and the Foundation” said Phil Lough.

This new alliance will focus on four simple objectives.

“In a nutshell we aim to make it easier for industry to work with Government. Better co-ordination will give the Government’s Growth and Innovation Framework extra impetus. We can accelerate the development of firms and industry sectors. And, most importantly, together we can help make a timely and durable increase to the country’s rate of productivity growth” said Tertiary Education Commission Chair Andrew West.

The Chair of the Foundation for Research, Science and Technology, Neil Richardson, stressed the nature of the new alliance. “This will be a long-lasting partnership. The leadership of all three organisations, both governance and management, will meet four times annually. This will allow us to identify priority areas of business and industry around which our three agencies will focus. To raise rates of productivity growth we will work closely with firms, industries, tertiary education organisations, Crown Research Institutes and other relevant parties”.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news