Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

3 Funding Agencies Accelerate Economic Development

Three Funding Agencies Join Forces To Accelerate Economic Development

“We aim to focus all our resources to do everything possible to accelerate the rate of economic development of this country,” said the Chairman of New Zealand Trade and Enterprise, Phil Lough, as he announced the intention of three of the Government’s most influential funding agencies to work much more closely together.

In the future the leadership of New Zealand Trade and Enterprise, the Tertiary Education Commission and the Foundation for Research, Science and Technology will co-ordinate their decision-making and their allocation of funds.

New Zealand Trade and Enterprise is responsible for implementing the Government’s economic strategy.

“We need new workforce skills and fresh knowledge generated by R&D for this strategy to get real traction. Consequently there’s a big premium to be gained from our working ever more closely with the Commission and the Foundation” said Phil Lough.

This new alliance will focus on four simple objectives.

“In a nutshell we aim to make it easier for industry to work with Government. Better co-ordination will give the Government’s Growth and Innovation Framework extra impetus. We can accelerate the development of firms and industry sectors. And, most importantly, together we can help make a timely and durable increase to the country’s rate of productivity growth” said Tertiary Education Commission Chair Andrew West.

The Chair of the Foundation for Research, Science and Technology, Neil Richardson, stressed the nature of the new alliance. “This will be a long-lasting partnership. The leadership of all three organisations, both governance and management, will meet four times annually. This will allow us to identify priority areas of business and industry around which our three agencies will focus. To raise rates of productivity growth we will work closely with firms, industries, tertiary education organisations, Crown Research Institutes and other relevant parties”.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>