Innovative New Zealand
Through Budget 2017, an additional $372.8 million will be invested over the next four years in science, skills, tertiary education, and economic development initiatives to build a stronger economic future for New Zealand.
This continues momentum from the $761.4 million investment made through the Innovative New Zealand programme in Budget 2016, and reaffirms the Government’s commitment in growing our science system, producing the 21st century skills New Zealand needs, and encouraging innovation and industry investment for a stronger, more resilient economy.
The Innovative New Zealand 2017 package includes:
- $203.1 million for Science and Innovation over four years, taking the Government’s annual science and innovation investment to $1.66 billion by 2021.
- $132.1 million for Tertiary Education, Skills and Employment over four years, to ensure New Zealand has a workforce that is able to meet the needs of our growing economy and adapt to change.
- $31.1 million in economic development funding over four years to improve the experience for business when dealing with government and support the Ministry of Business Innovation and Employment’s role as the lead space agency.