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Budget 2017 will invest an additional $81.9 million of new operating funding over four years to support high-impact, mission-led programmes of science through the Endeavour Fund, Science and Innovation Minister Paul Goldsmith says.

“The Endeavour Fund supports excellent, higher-risk research with the potential for long-term, transformative impact in areas of future value, growth or critical need for New Zealand,” Mr Goldsmith says.

Budget 2017 invests $132.1 million of new operating funding to develop the skills and knowledge needed for a stronger and more internationally connected New Zealand economy, Tertiary Education, Skills and Employment Minister Paul Goldsmith says.

“To help Kiwis succeed we need a world-class tertiary education system that delivers modern skills, rewards research excellence, and helps drive innovation,” Mr Goldsmith says.

The investments funded as part of Budget 2017, over four years, are:

$40.5 million of new operating funding in Budget 2017 will help to reduce the risk to life from natural disasters and hazards, and explore the unique environment of Antarctica, Science and Innovation Minister Paul Goldsmith says.

The new funding is made up of $19.5 million over four years for natural hazards research, and $21 million over three years from 2018/19 dedicated to Antarctic research. It will be administered through the Government’s Strategic Science Investment Fund.

Budget 2017 will invest $372.8 million of new operating funding in the second round of the Government’s Innovative New Zealand programme, Economic Development Minister Simon Bridges and Science and Innovation Minister Paul Goldsmith say.

“Every initiative in the Budget flows from having a strong economic plan that delivers sustainable growth and jobs,” Mr Bridges says. “The Government’s Innovative New Zealand programme invests in the skills and innovation that will keep our economy growing in the years ahead.”

The funding includes:

Science and Innovation Minister Paul Goldsmith has today announced an additional $74.6 million in funding through the Innovative New Zealand programme in Budget 2017 to meet the growing demand for Callaghan Innovation’s research and development (R&D) Growth Grants.

“Encouraging business R&D helps high-tech, innovative Kiwi companies to bring products and ideas to the market sooner, which has significant benefit for export revenues,” says Mr Goldsmith.