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

 


$56.8m more for contestable science funding

Hon Steven Joyce
Minister of Science & Innovation

15 May 2014

$56.8m more for contestable science funding

The Government will increase its investment in contestable science with $56.8 million of operating funding over three years starting from 2015/16 as it continues to grow its science and innovation expenditure as part of the Business Growth Agenda, Science and Innovation Minister Steven Joyce says.

“High-quality scientific research is critical to increasing innovation and economic growth, and therefore to improving the lives of New Zealanders,” he says.

“Contestable science funding is an important component of the overall science funding system, and this additional funding will provide more opportunities for more research projects of scale across institutions and industry.”

This announcement continues a commitment to keep significantly growing the science investment budget in tough fiscal conditions to position New Zealand well as an innovative small country on the global stage.

“The Government has set a goal of increasing public expenditure on science to 0.8 per cent of GDP as fiscal conditions allow. Each year we have added investment through programmes like the National Science Challenges, the Marsden Fund, and the development of Callaghan Innovation.

“This initiative, and the additional $53 million for Centres of Research Excellence also announced in Budget 2014, take us closer to that goal.

“Our total annual cross-government investment in science and innovation is expected to reach $1.5 billion by 2015/16.”

The National Statement of Science Investment, which is being drafted, highlights the Government’s commitment to investment in science, which has increased by more than 60 per cent since 2007/08.

“This additional funding will help to achieve the goal set out in the statement - of a science system that produces high-quality, relevant, internationally connected research that makes a real difference to New Zealanders,” Mr Joyce says.

“The Statement also sets out our intention to reform the contestable funding system from 2015, to make it more flexible, less complex and more closely focused on research that is of relevance to New Zealand. This funding will support those reforms.”

The additional funding will be available from the 2015 contestable science funding round, with further increases planned for the 2016 and 2017 rounds. It will be managed by the Ministry of Business, Innovation and Employment.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

PM's Presser: ‘Precarious’ Solid Energy In Banks’ Hands

Liquidation of state-owned coal company Solid Energy “cannot be ruled out” but is “not the number one preferred option of the government,” says Prime Minister John Key, who confirmed the beleaguered company was discussed today at Cabinet as its banking syndicate grapples with its commercially dire prospects. More>>

ALSO:

Missed Opportunities: Amnesty International Report Card On NZ's UN Role

As New Zealand steps down from its month as President of the Council, Amnesty International has taken the opportunity to review New Zealand’s role on the Council so far and assess their performance and contribution to protecting human rights worldwide. More>>

ALSO:

Prince Charles Get More Jobs: PM Announces Honorary Military Appointments

PM John Key has announced that Her Majesty The Queen has approved the appointment of HRH The Prince of Wales to three honorary positions: Admiral of the Fleet of the Royal New Zealand Navy; Field Marshal, New Zealand Army; Marshal of the Royal New Zealand Air Force. More>>

ALSO:

No TPP Deal: Gordon Campbell On Why We Should Still Oppose Investor-State Dispute Measures

Even in this dark hour for the TPP, the secrecy farce continues... What is left to hide? Every single negotiator went into those talks in Maui knowing exactly where everyone else stood. More>>

REACTION:

Salvation Army On Homelessness: Hard Times In West Auckland

The report details an uncomfortable story of people whose only option is to live an unhealthy, dangerous and damaging street life... The social housing needed by these people is not currently available in sufficient quantity. More social housing is required in the West. More>>

ALSO:

Message For PM: NZ Supports Te Reo Māori – You Should Too

As Māori Language Week celebrations and commemoration of 40 years draws to an end, the Māori Language Commission, Te Taura Whiri i te Reo Māori, is once again hugely encouraged by the widespread support for Māori language from throughout the country ... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news