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

 


Joyce can’t pick every winner

Joyce can’t pick every winner

Innovation is too important to leave up to Steven Joyce’s best guesses, the Green Party said today.

After the John Key government abolished the research and development tax credit, the Government has to try to pick winners in innovation using mechanisms such as the Technology Grants, which awarded $25 million to eight New Zealand businesses last week.

“The Government’s Research & Development (R&D) grant scheme relies on Steven Joyce and his officials picking winners”, said Green Party Co-leader Russel Norman.

“Steven Joyce is a smart man, and the officials are no doubt pretty smart too, but there is no way they can know everything about everything.

“The nature of the industries and technologies involved in R&D in this country are complex and often obscure to outsiders like National Party Ministers and Government officials.

“Businesses have told us that if they are doing deep R&D in a very narrow field it can take a huge effort to educate the officials on the value of the work, and it is very difficult for the officials to judge the merit of the work. That’s why many of those businesses don’t bother to apply for research grants.

“Relying on people like Steven Joyce and Government officials to try and understand everything about an obscure research area and then make a judgement call on whether it deserves funding is a gamble.

“That’s why it was short-sighted of this Government to abolish the R&D tax credit, which was available to incentivise research across the board. The advantage of the R&D tax credit is that businesses will get some support for their R&D regardless of whether Joyce and his officials support it or even understand it.

“The tax credit was an important tool for innovation because it didn’t rely on awarding funding based on hand-picking winners.

“Joyce has become a Muldoon-like figure in New Zealand, backward looking and directive, and he now has his hands all over the R&D funding system. His record on picking winners such as mining and motorways is less than stellar. But even with a more forward looking Minister there should still be a place for the R&D tax credit because Ministers and officials can’t know everything.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Board Appointments: Some Minister Appoint Less The 3 In 10 Women

“It’s 2015 not 1915: Ministers who appoint less than 3 in 10 women to their boards must do better, they have no excuse but to do better,” said Dr Blue. More>>

Gordon Campbell: On The 1990s Retro Proposals For Our Health System

As we learned yesterday, the reviews propose that the democratically elected representation on DHBs should be reduced, such that community wishes will be able to be over-ridden by political appointees. In today’s revelations, the reviews also propose a return to the destructive competitive health model of the 1990s. More>>

ALSO:

Post-Cab Press Conference: Foreign Buyers Register, TPP And Serco

At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco. Key was questioned on whether a stamp tax might be used as a tool to deal with foreign buyers. More>>

ALSO:

Lyndon Hood Satire: Serco To Outsource Prison To Public Sector

In response to high-profile failings, multinational omnicorporation Serco will introduce public management in its prison system. Serco's New Zealand manager, speaking on condition of anonymity, has announced plans for managers from the Department of Corrections to run the Mt Eden Correctional Facility. More>>

National Party Conference: Plans To Nudge Immigrants Towards Regions

The Government will introduce a package of immigration measures aimed at improving the spread of workers, skills and investment across New Zealand, Immigration Minister Michael Woodhouse says. More>>

ALSO:

Corrections: Serco Relieved Of Control At Mt Eden Prison, Retains Contract

Multi-national private prison operator Serco has been forced to hand back control of Auckland's Mt Eden remand prison to the Department of Corrections, which has used a 'step-in' clause in its contract with Serco following a string of increasingly serious allegations about contraband, prisoner injuries and a death. More>>

ALSO:

Other Experiments: Failing Charter School Stays Open 'For Kids'

Education Minister Hekia Parata says she has given Te Pumanawa o te Wairua in Northland a chance to continue operating because of her concerns about finding other educational opportunities for its students. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news