Budget provides $321m for RS&T activities 11 May 2010
Related articles
- Sick leave expected to increase during World Cup Sport
- Knowles quits as CEO of KiwiBank Business
- Snow on The Remarkables Living
- Sludge Report #192: The Naked Budget Columns
- Budget 2010 – Building the Recovery News
- Transpower gets go-ahead for $170m SI upgrade Business
- NZ economy expands at fastest pace in two years Business
- Positive indicators in labour market Recruitment
- Air New Zealand takes ‘Airline of the Year’ title News
“The Budget will focus squarely on building faster and sustainable economic growth – it’s the only way we can create the jobs, higher incomes and the better living standards New Zealanders deserve,” Mr Key says.
“Research, science and technology will help us achieve that goal.
“In February, I said that science and innovation would be a priority for this Government and today’s announcement backs that up.”
Of the total allocation of $321 million for new initiatives over the next four years, $225 million is new funding and $96 million is reprioritised funding
The centrepiece of the funding increase is a $234 million boost for support for business research and development over four years.
This includes:
• $189.5 million over four years for technology development grants to support R&D in businesses that already do significant amounts of R&D
• $20 million over four years to trial technology transfer vouchers, which will encourage links between companies and publicly-funded research organisations
• $11 million over four years to support technology transfer from research organisations to businesses and commercialisation of new products and processes
• $13.7 million over four years in contingency funding for initiatives to improve the transfer of technology from research organisations to the private sector
•
The other major new initiatives are:
• $25 million over four years for the Rutherford Discovery Fellowships which will support early to mid-career researchers
• $9 million over three years, starting in 2011/12 to attract top science entrepreneurial talent to New Zealand
• $44.3 million over four years in contingency funding for proposed large-scale science infrastructure, subject to Cabinet approval.
•
“This Government is taking investment in science seriously,” Mr Key says.
“This major investment will not only help keep New Zealand competitive, but is at the heart of our strategy to boost economic growth.”
Backgrounder and Q&A available at: www.morst.govt.nz
[SupportingBusinessRD.pdf
SupportingTopScientificTalent.pdf
QAforTopTalent.pdf
QAforSupportingScienceInfrastructure.pdf
IgnitingPotential.pdf]
ENDS
News
Hilary Timmins' Award-Winning UK Documentary Series To Inspire NZ Students
29 Jun 2020 Education
Dream Catchers, produced and directed by Hilary Timmins, celebrates the success stories of more than thirty inspirational New... more
New Zealand reaffirms support for Flight MH17 judicial process
7 Mar 2020 News
Ahead of the start of the criminal trial in the Netherlands on 9 March, Foreign Minister Winston Peters has reaffirmed the need to... more
Business
NZ Government's Economic package to fight COVID-19
17 Mar 2020 Business News
The Coalition Government has launched the most significant peace-time economic plan in modern New Zealand history to cushion the... more
NZ Government announces aviation relief package
19 Mar 2020 Business News
Transport Minister Phil Twyford today outlined the first tranche of the $600 million aviation sector relief package announced earlier... more
Living
Diversity was Key at New Zealand Trade Tasting in London
6 Jun 2022 Food & Wine
New Zealand Winegrowers Annual Trade Tasting was recently held in London, on Wednesday 4 May, in Lindley Hall.
It was the first... more
Kiwi author stuns Behind the Butterfly Gate
12 Jan 2022 Arts
Hidden behind the Butterfly Gate is where the secret has been kept for 76 years...
New Zealand writer Merryn Corcoran’s... more
Property
Fairer rules for tenants and landlords
17 Nov 2019 Property
17 NOVEMBER 2019
The Government has delivered on its promise to the over one million New Zealanders who now rent to make it fairer... more
New Zealand Government will not implement a Capital Gains Tax
17 Apr 2019 Property
The Coalition Government will not proceed with the Tax Working Group’s recommendation for a capital gains tax, Jacinda Ardern... more
Migration
Boosting border security with electronic travel authority – now over 500,000 issued
19 Nov 2019 Migration
19 NOVEMBER 2019
We’ve improved border security with the NZeTA, New Zealand Electronic Travel Authority, which helps us to... more
Christchurch reinstated as refugee settlement location
18 Aug 2018 Migration
18 AUGUST 2018
HON IAIN LEES-GALLOWAY
The announcement that Christchurch can once again be a settlement location for refugees... more
Travel
Gallipoli Anzac Day services cancelled
19 Mar 2020 Travel & Tourism
The New Zealand and Australian Governments have announced this year’s joint Anzac Day services at Gallipoli will be cancelled... more
New Zealanders advised not to travel overseas
19 Mar 2020 Travel & Tourism
New Zealanders advised not to travel overseas
more
Sport
The Skipper's Diary: Sir Richard Hadlee honouring his father and NZ's Forty-Niners
27 Oct 2019 Cricket
NZNewsUK London Editor Charlotte Everett spoke to Sir Richard Hadlee about why he’s chosen to publish his father’s... more
PREVIEW: All Blacks v England semi-final
26 Oct 2019 Rugby
The two most convincing quarterfinals winners are set to square off in a semifinal showdown for the ages when the All Blacks meet old... more
Columns
Gordon Campbell on the Gareth Morgan crusade
11 Nov 2016 Opinion
Gordon Campbell on the Gareth Morgan crusade
First published on Werewolf
The ghastly likes of Marine Le Pen in France and Geert ... more
Gordon Campbell on the US election outcome
10 Nov 2016 Opinion
Column - Gordon Campbell
Gordon Campbell on the US election outcome
Well um.. on the bright side, there (probably)... more
Kiwi Success
Congratulations to Loder Cup winner
26 Sep 2018 People
25 SEPTEMBER 2018
The Loder Cup, one of New Zealand’s oldest conservation awards, has been awarded to Robert McGowan for 2018... more
Appointments to New Zealand National Commission for UNESCO
16 Aug 2018 Appointments
16 AUGUST 2018Appointments to New Zealand National Commission for UNESCO
HON JENNY SALESA
Associate Education Minister Jenny Salesa is... more
Recruitment
Historic pay equity settlement for education support workers
14 Aug 2018 Recruitment
14 AUGUST 2018Historic pay equity settlement for education support workers
RT HON JACINDA ARDERN
HON CHRIS HIPKINS
Prime Minister
The... more
Historic pay equity settlement for education support workers
22 Aug 2018 Recruitment
14 AUGUST 2018Historic pay equity settlement for education support workers
RT HON JACINDA ARDERN
HON CHRIS HIPKINS
Prime Minister
The... more