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


Investing $200m in science, innovation & research

Hon Steven Joyce
Minister of Science and Innovation

16 May 2013

Investing $200m in science, innovation & research

Budget 2013 delivers on the Government’s commitment to building a more competitive and productive economy with $200 million of new funding over the next four years for science and innovation, Science and Innovation Minister Steven Joyce says.

“Science and innovation are key drivers of economic growth and international competitiveness. To achieve this, New Zealand needs to develop better linkages with international markets and be a stronger player in research and development,” he says.

“Increasing Government funding in science and innovation will help support our businesses to grow, deliver more and higher-paying jobs for New Zealanders, and improve our living standards.”

The Government’s total cross-portfolio funding for science and innovation rises from $1.24 billion in 2012/13 to $1.36 billion in 2013/14*.

Total direct cross-portfolio science, innovation and research funding has risen by 28 per cent over the past four years.
New funding over the next four years includes:
• $75.2 million for business R&D grants.
• $31.3 million for repayable grants for start-up businesses.
• $73.5 million for the National Science Challenges.
• $20 million for the Marsden Fund.
“This increased investment in science and innovation will help grow our economy, protect our environment, and provide the world-class public services that New Zealand families need,” Mr Joyce says.
*The Government’s total cross-portfolio funding for science, innovation and research in 2013/14 includes:
Vote Science and Innovation $927.3 million
Vote Education (Tertiary) $313.2 million**
Vote Primary Industries $ 97.7 million
Other Government Budgets (estimate) $ 18.3 million
Total $1.36 billion
** This includes the additional $100 million over four years for the
Performance-Based Research Fund (PBRF) announced in Budget 2012.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels