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Home > About Us > Our company > Core Funding

Core Funding

Context for Core Funding

The Crown Research Institute (CRI) Taskforce was convened by Government to examine how the CRIs could best respond to the needs of research users, including private sector businesses and Government. When the Taskforce presented its final report in March 2010, it included 28 recommendations that represent the most significant reforms to the New Zealand Science System in 20 years. Three of CRI Taskforce’s recommendations related specifically to the use of Government funding by each CRI to better deliver to its Statement of Core Purpose.

Purpose of Core Funding

Core Funding is a quantum of money that is devolved to the CRI to support its activities towards achieving this Core Purpose in accordance with its Statement of Corporate Intent. Activities supported by Core Funding can include: undertaking basic and applied research and experimental development of importance to New Zealand, transferring knowledge and technologies to Endusers and Stakeholders, providing policy advice to Government, maintaining Nationally Important Assets, responding to emergencies and changing national priorities, and building stronger national and international collaborations that further the CRI’s agreed core purpose.

The value of AgResearch's Core Funding

From 1 July 2011 to 30 June 2012, AgResearch will receive $38,888,760 in Core Funding. This is not new Government investment. Instead, it comprises some current contracts administered by the Ministry of Science & Innovation that are considered to be closely aligned with AgResearch’s Core Purpose. A list of these contracts is found on the reverse side.

Investment of Core Funding

How AgResearch intends to invest its Core Funding will be negotiated with the Shareholding Ministers through AgResearch’s Statement of Corporate Intent. This document will be tabled with Parliament in July 2011 and made public after it is accepted by Government.

Download the Core Funding fact sheet (PDF, 173KB)

 

 Related links

 
  
Statement of Core Purpose
 

 Documents

 
  
  
Core Funding fact sheet.pdfCore Funding fact sheet