Parliament

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

 

$326m boost for science, innovation, and research

Hon Steven Joyce
Minister of Science and Innovation

24 May 2012

$326m boost for science, innovation, and research

Budget 2012 delivers on the Government’s commitment to building a more competitive and productive economy, with $250 million of new operating funding and $76.1 million in capital funding over four years for science, innovation, and research.

“Science and technological innovation are major drivers of growth and international competitiveness, which is why we have continued to increase funding for them despite tight fiscal constraints,” Science and Innovation Minister Steven Joyce says.

“The only way we can create jobs, pay for public services, and lift New Zealanders’ living standards is through faster, sustainable economic growth.”

The Government’s total cross-portfolio funding for science, innovation, and research rises from $1.16 billion in 2011/12 to $1.24 billion in 2012/13*. Total direct cross-portfolio science, innovation, and research funding has risen by 17 per cent over the past four years.

New funding over the next four years includes:

• $90 million operating funding and $76.1 million capital funding to create the Advanced Technology Institute (ATI) to work with the high-tech manufacturing and services sector.
• $60 million operating funding for National Science Challenges to find innovative solutions to some of the most fundamental issues New Zealand faces.
• $100 million additional research funding (from Vote Tertiary Education) by increasing the size of the Performance-Based Research Fund to $300 million by 2016.

“The ATI and National Science Challenges will help boost the economy and improve New Zealand’s health, society, and environment,” Mr Joyce says.

“The creation of the ATI will better link business and science, and help create new high-tech products and services.

“The National Science Challenges will focus multi-disciplinary teams of researchers on addressing challenges that are fundamental to New Zealand’s future prosperity and wellbeing.

“Science and innovation are a crucial part of the Government’s business growth agenda, as well as the key to solving many of the other issues New Zealand faces.”

* The Government’s total cross-portfolio funding for science, innovation and research in 2012/13 includes:

Vote Science and Innovation: $833 million
Vote Education (Tertiary): $301 million
Vote Primary Industries: $88 million
Other Government Budgets (estimate): $18 million
Total: $1.24 billion

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Tourism’s Endless Sense Of Grievance

Sad that a once in a century pandemic should have come along before the government had a clearly thought out plan for rescuing all the firms and saving all the jobs in the tourism sector. Sad that the government now looks like it was making up the criteria for support as it went along. But guess what? To some extent, they were. Possibly because in the modern era, a pandemic had never before caused international travel to evaporate almost overnight... More>>

 

PREFU: Economy Doing Better Than Forecast

The Pre-election Economic and Fiscal Update released today shows that the near-term economic recovery has been stronger than the Treasury and many economists predicted at the May Budget, as the economy bounced back strongly out of lockdown... More>>

ALSO:


PM Statement: Cabinet COVID-19 Alert Level Review

Takiri mai te ata, ka ao, ka ao, ka awatea, tihei mauriora! Tātou katoa ngā iwi o Aotearoa, tēnā koutou! Tēnā tātou e whakanuia ana i te wiki nei, te wiki o te reo Māori Greeting to you all from Otepoti, Dunedin. This week is the Māori ... More>>

ALSO:

Greens: $297m Fund To Support Sustainable Food And Farming

The Green Party has released its Farming for the Future Plan, including a $297m fund to support farmers and growers to transition to climate-friendly practices. The plan will: · Improve how we look after our land and water, with a levy on the ... More>>

ALSO:

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>

ALSO:

NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>

Election: Arriving Travellers In Isolation To Be Able To Vote By Telephone

Up to 5,000 people in managed isolation or quarantine will be able to vote by telephone in the general election and referendums after an amendment to electoral regulations last week. Chief Electoral Officer Alicia Wright says the Electoral Commission sought ... More>>

National: Investing In Our Children’s Future

A National Government will prioritise lifting achievement for all New Zealand children, no matter their background or ability, National Party Leader Judith Collins and National’s Education spokesperson Nicola Willis say. “Parents just want what’s best for ... More>>

Police: Numerous Arrests Following Investigation Into Historical Offending At Auckland School

Detective Senior Sergeant Geoff Baber, Auckland City Police: Police have made six arrests as part of an operation investigating historical offending at Dilworth School. Auckland City Criminal Investigation Branch have been investigating since a complaint ... More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels