The National-led Government has announced a further $107 million of funding from the Primary Growth Partnership (PGP) for primary sector innovation.
This money will support innovation in the aquaculture, wildfish harvesting, and timber industries. The investment takes the Primary Growth Partnership's spending in our world-leading primary sectors to more than $475 million.
The Ministry of Science and Innovation was launched this week. It will lead our drive to harness scientific and innovative capability across the business, science, and government sectors.
Last month, the Government announced public and private investment of $17.25 million over five years in a wool research consortium, tasked with lifting the economic return of the wool industry. The Ministry of Science and Innovation is contributing $8.6 million.
National is committed to lifting economic growth through primary sector innovation.
http://www.beehive.govt.nz/release/primary-sector-innovation-fund-tops-475-million
http://www.beehive.govt.nz/speech/launch-ministry-science-and-innovation
http://www.beehive.govt.nz/release/1725m-wool-research-consortium-set
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