Mind Uncharted Explore. Discover. Learn.
Research Hubs Established and Funding for Horizon Europe Access Announced in New Zealand Budget
The New Zealand budget has announced the creation of three research hubs to support research initiatives in the country. The government has also pledged to increase funding opportunities for universities, and to provide support for Horizon Europe access. However, while the moves have been welcomed by the education sector, concerns have been raised about the ongoing decline in funding per student.
Increased Funding for Universities Fails to Keep Pace with Inflation, Warns Sector
Despite the positive moves to support research and innovation in the education sector, universities in New Zealand are warning that their funding levels continue to lag behind inflation rates. According to spokespersons for the sector, while additional funding is always welcome, universities are struggling to meet their financial targets and support the growing student population.
Budget a Step in the Right Direction, But More Investment Needed for Long-Term Success
The New Zealand government’s decision to establish new research hubs and increase funding for universities has been seen as a positive move for the sector. However, many in the education industry have said that more substantial investment is needed if the country’s universities are going to be able to compete on a global level. Critics of the budget say that the failure to take into account inflation levels shows a lack of long-term vision for the sector, and could lead to problems down the road as universities struggle to keep up with rising costs.
Innovation and Research Key to Long-Term Success for Education Sector
The announcement of new funding for research and innovation has been praised by those in the education sector who see it as a way to level the playing field with other countries and attract top talent. As the world becomes more globalized, the ability to innovate and create new ideas will be a key factor in determining which countries come out on top. While the new research hubs and investments in Horizon Europe access are a good start, the education sector will need to continue to prioritize research and development if it hopes to remain competitive long-term.
