Menu
Greens: Govt's narrow-minded approach to R&D is killing Kiwi development

Greens: Govt's narrow-minded approach to R&D is killing Kiwi development

“Steven Joyce shouldn’t be picking winners, he should be strengthening the whole R&D environment and supporting markets to function properly through smart regulation."

The National Government’s research and development (R&D) strategy has failed, with no growth in the proportion of businesses investing in R&D since its first year in office, according to the Green Party.

As reported by Computerworld New Zealand, the Statistics NZ Business Operations Survey shows that in 2009 eight percent of businesses invested in R&D and that in 2014, the proportion of businesses investing in R&D was still just eight percent.

“Steven Joyce’s R&D experiment has clearly failed, with just eight percent of businesses investing in R&D, the same amount as during National’s first year in Government,” says James Shaw, Economic development spokesperson, Green Party.

“The Government claims to be aiming for business R&D investment to equal one percent of GDP, but its strategy for meeting this goal is to throw money at a small number of hand-picked businesses and ignore the rest.

“We need a balanced approach to R&D investment that includes tax credits for all businesses that invest in R&D as well as grants.”

According to Shaw, Joyce has put himself at the centre of a “complex mesh” of R&D funding, hand-picking winners and denying businesses freedom to choose their own innovative pathways.

“Steven Joyce shouldn’t be picking winners, he should be strengthening the whole R&D environment and supporting markets to function properly through smart regulation,” he adds.

“That will lead to prosperity across the whole economy. R&D is fundamental to building a smart, green economy through innovation and diversification, but the Government plans to cut Government R&D funding in real terms by 21 percent by 2023/24, according to the Draft National Statement of Science Investment.”

Shaw believes last week’s increase in the Current Account Deficit shows why the country’s economy is too reliant on simple commodity exports like dairy, raw logs, and mineral extraction.

“And also, why it needs more R&D and innovation to diversify our economy, grow wages, and add value to our exports,” he adds.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags R&DSteven JoycegovernmentGreen Party

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments