Innovative New Zealand
The Government is making a major investment in growing innovation in Budget 2016, through an Innovative New Zealand package to encourage entrepreneurship, skills and economic growth.
Innovative New Zealand is a series of 25 initiatives that will see a total of $761.4 million invested over the next four years in science, skills, tertiary education and regional development initiatives. These will help diversify the economy, and support more jobs and higher wages for New Zealanders in the decade ahead.
The package includes:
- $410.5 million for science and innovation, taking the Government’s annual science investment to $1.6 billion by 2020.
- $256.5 million for more tertiary education and apprenticeship programmes, particularly in the areas of science, engineering and agriculture.
- $94.4 million to support regional economic development with initiatives to unlock business opportunities and benefit regional communities.
Innovative New Zealand focuses on growing our science system, producing the 21st century skills New Zealand needs, and encouraging innovation and industry investment in regional New Zealand.
Science and innovation
Read more about the Budget 2016 funding for science and innovation initiatives.
Regional economic development
Read more about the Budget 2016 funding for regional initiatives.
Tertiary education and skills
Visit the Ministry of Education website for information about the Budget 2016 funding for tertiary education and skills initiatives.