Wednesday, May 19, 2010

Budget 2010: $321m for Science and Innovation

Budget 2010 will focus on building faster and more sustainable economic growth – it’s the only way we can create the jobs, higher incomes, and better living standards families deserve. Science and innovation will help us achieve that goal.

The Budget allocates $321 million for new initiatives over the next four years including $225m of new funding and $96m reprioritised funding. The centrepiece of the funding increase is a $234m boost over four years to support business research and development.

This major investment will help keep New Zealand competitive, and is at the heart of our strategy to boost our economy. National is taking science investment seriously.

More information: http://www.beehive.govt.nz/release/budget+provides+321m+rsampt+activities

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