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

 


$326m boost for science, innovation, and research

Hon Steven Joyce
Minister of Science and Innovation

24 May 2012

$326m boost for science, innovation, and research

Budget 2012 delivers on the Government’s commitment to building a more competitive and productive economy, with $250 million of new operating funding and $76.1 million in capital funding over four years for science, innovation, and research.

“Science and technological innovation are major drivers of growth and international competitiveness, which is why we have continued to increase funding for them despite tight fiscal constraints,” Science and Innovation Minister Steven Joyce says.

“The only way we can create jobs, pay for public services, and lift New Zealanders’ living standards is through faster, sustainable economic growth.”

The Government’s total cross-portfolio funding for science, innovation, and research rises from $1.16 billion in 2011/12 to $1.24 billion in 2012/13*. Total direct cross-portfolio science, innovation, and research funding has risen by 17 per cent over the past four years.

New funding over the next four years includes:

• $90 million operating funding and $76.1 million capital funding to create the Advanced Technology Institute (ATI) to work with the high-tech manufacturing and services sector.
• $60 million operating funding for National Science Challenges to find innovative solutions to some of the most fundamental issues New Zealand faces.
• $100 million additional research funding (from Vote Tertiary Education) by increasing the size of the Performance-Based Research Fund to $300 million by 2016.

“The ATI and National Science Challenges will help boost the economy and improve New Zealand’s health, society, and environment,” Mr Joyce says.

“The creation of the ATI will better link business and science, and help create new high-tech products and services.

“The National Science Challenges will focus multi-disciplinary teams of researchers on addressing challenges that are fundamental to New Zealand’s future prosperity and wellbeing.

“Science and innovation are a crucial part of the Government’s business growth agenda, as well as the key to solving many of the other issues New Zealand faces.”

* The Government’s total cross-portfolio funding for science, innovation and research in 2012/13 includes:

Vote Science and Innovation: $833 million
Vote Education (Tertiary): $301 million
Vote Primary Industries: $88 million
Other Government Budgets (estimate): $18 million
Total: $1.24 billion

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Snowden Documents: Show New Zealand Spies On Its Pacific Friends And Sends Data To US

NZ Herald link: New Zealand's spies are targeting the entire email, phone and social media communications of the country's closest, friendliest and most vulnerable neighbours, according to documents supplied by United States fugitive and whistleblower Edward Snowden. More>>

ALSO:

Green Call For PM To Come Clean Spying

“Rather than calling the whistle-blowers names, John Key must answer: Have our intelligence agencies been collecting details about phone and internet conversations in the Pacific and passing this information to the Americans? If so, why? And crucially, have New Zealand residents been spied on too; if so, what’s he going to do about it?" More>>

 

PARLIAMENT TODAY:

Teina Pora Wins Appeal: Gordon Campbell On The Privy Council Decision

The quashing of the convictions of Teina Pora for the rape and murder of Susan Burdett in 1992 has shone a spotlight once again on a major gap in the New Zealand justice system... More>>

ALSO:

Urgent Bill Planned: MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency. More>>

ALSO:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Joint Statement: Australia-New Zealand Leaders’ Meeting

Prime Minister Key warmly welcomed Prime Minister Abbott and Mrs Abbott to New Zealand. The visit has enabled wide-ranging and substantive discussion that has underlined the strength, value, diversity and warmth of our trans-Tasman relationship. More>>

ALSO:

Press Conference: Peters To Stand In Northland By-Election

New Zealand First Leader Winston Peters has announced his intention to stand in the Northland by-election, citing his own links to the electorate and ongoing neglect of the region by central government. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news