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

Gordon Campbell:
On Anne Tolley’s
Callous Folly

Years ago, I remember someone in the Heath Ministry telling me off the record that regulatory oversight in this country largely consisted in ‘waiting for something to turn green or fall off somebody’ before the authorities would swing into action...

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

 

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news