Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Budget 2007: Big research investment to transform

Hon Steve Maharey
Minister of Research, Science and Technology

Big research investment to transform economy

A $73.7 million funding increase for research, science and technology over the next four years, along with $34.6 million in reallocated funding, will focus on transforming the economy by improving business performance and sustainability, Research, Science and Technology Minister, Steve Maharey, said today.

"This budget provides a further boost to science funding, including $46.6 million to drive business performance, and $28 million to improve sustainability and productivity. It includes a range of new investment in research areas like climate change, innovative technologies and foods, Antarctic research and Pastoral 21," Mr Maharey said.

This increase complements the tax credit for business research and development announced as part of the Business Tax Reform package, amounting to $630 million over four years, which further underlines the Labour-led government's commitment to research. The benefits will flow through to our scientists and research organisations as businesses invest more in R&D

The four-year investment package for R&D includes:

• Lifting business performance through R&D ($46.6 million): $18.6 million of Technology New Zealand grants and services to boost private sector R&D, $14 million for research into innovative foods, beverages and other new products and $14 million for enhancing emerging and high value technologies and services;
• Building science capability ($25.2 million): includes $16 million for Crown Research Institutes and $8 million for the Marsden Fund;
• Improving sustainability and primary sector productivity ($28 million): $8 million for climate change research, $12 million additional funding for Pastoral 21 and $8 million for research into increasing productivity and sustainability across primary sectors;
• Increasing global science collaboration ($7.3 million): $4.5 million over three years for Antarctic research as part of International Polar Year, and $2.8 million for boosting research relationships with Asia; and
• Evaluation of the R&D tax credit as part of the Business Tax Reform package ($1.2 million).

"These investments reinforce the government's sustainability agenda and move towards Labour's commitment to increase investment in research, science and technology in the order of $30 million a year," said Mr Maharey.


Note to reporters:
Funding for Vote Research, Science and Technology makes a significant contribution to the Economic Transformation priority of Lifting Firms' Innovative Capacity. Vote Research, Science and Technology's $73.7 million includes $60 million of the $67 million for Lifting Firms' Innovative Capacity in Budget 2007.

It also includes $4.5 million as part of International Polar Year, $8 million for climate change research and $1.2 million for evaluation of the R&D tax credit.

The remaining $7 million of funding for Lifting Firms' Innovative Capacity comes through Vote Economic, Industry and Regional Development for the 3D digital graphics cluster.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election