Parliament

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

 

Budget provides $321m for RS&T activities

Hon John Key
Prime Minister

11 May 2010
Media Statement

Budget provides $321m for RS&T activities

Prime Minister John Key has announced that research, science and technology will be one of the major recipients of new funding in Budget 2010.

“The Budget will focus squarely on building faster and sustainable economic growth – it’s the only way we can create the jobs, higher incomes and the better living standards New Zealanders deserve,” Mr Key says.

“Research, science and technology will help us achieve that goal.

“In February, I said that science and innovation would be a priority for this Government and today’s announcement backs that up.”

Of the total allocation of $321 million for new initiatives over the next four years, $225 million is new funding and $96 million is reprioritised funding

The centrepiece of the funding increase is a $234 million boost for support for business research and development over four years.

This includes:

• $189.5 million over four years for technology development grants to support R&D in businesses that already do significant amounts of R&D
• $20 million over four years to trial technology transfer vouchers, which will encourage links between companies and publicly-funded research organisations
• $11 million over four years to support technology transfer from research organisations to businesses and commercialisation of new products and processes
• $13.7 million over four years in contingency funding for initiatives to improve the transfer of technology from research organisations to the private sector

The other major new initiatives are:

• $25 million over four years for the Rutherford Discovery Fellowships which will support early to mid-career researchers
• $9 million over three years, starting in 2011/12 to attract top science entrepreneurial talent to New Zealand
• $44.3 million over four years in contingency funding for proposed large-scale science infrastructure, subject to Cabinet approval.

“This Government is taking investment in science seriously,” Mr Key says.

“This major investment will not only help keep New Zealand competitive, but is at the heart of our strategy to boost economic growth.”

Backgrounder and Q&A available at: www.morst.govt.nz

[SupportingBusinessRD.pdf
SupportingTopScientificTalent.pdf
QAforTopTalent.pdf
QAforSupportingScienceInfrastructure.pdf
IgnitingPotential.pdf]


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election