Wellbeing Budget 2021

Securing
Our Recovery

Business, Science and Innovation

Accelerating and Strengthening Business Connect

This initiative will expand the existing Business Connect digital platform that enables integrated services for businesses when dealing with local and central government. It allows businesses to apply for a range of licences, permits and registrations from different government agencies in one place thus reducing compliance time and cost.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 9.000 9.000 9.000 9.000 36.000 -

Addressing Maori Interests in Radio Spectrum

This initiative responds to Maori interests in radio spectrum that are being considered by Government as it prepares to allocate spectrum for the fifth-generation of mobile broadband (5G). The initiative provides funding for a Maori-led work programme for ongoing discussions between Treaty partners about an enduring resolution of Maori interests in radio spectrum, supporting a step-change in Maori participation in the digital economy and enabling the Crown to move forward with commercial allocation of spectrum for 5G.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 3.305 2.475 - - 5.780 -

Enabling Digital Research: Securing Core Network Infrastructure for the Research and Education Sector

This initiative provides additional funding for the Research and Education Advanced Network New Zealand (REANNZ). It supports the ongoing operation of the high performance telecommunications network that enables cutting-edge, high-impact and internationally-connected research activity and core science services. REANNZ is Aotearoa New Zealand's National Research and Education Network. It is part of a global network that transfers large volumes of digitised research data and underpins Aotearoa New Zealand's ability to participate in global data-intensive research and connect with international partners. It also supports data-intensive services such as GeoNet's 24/7 natural hazards monitoring centre.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 1.000 3.250 3.250 3.750 11.250 10.700

Enabling the External Reporting Board to Perform Core Functions and to Deliver Climate Reporting

This initiative provides funding for the continued delivery of the External Reporting Board's (XRB's) core functions of issuing accounting and auditing & assurance standards, guidance and providing strong sector leadership. This funding is critical to maintain trust and confidence in external reporting by Aotearoa New Zealand entities.

This initiative also provides funding for the XRB's expanding mandate, agreed by Cabinet, to introduce standards and guidance for climate reporting and to progress integrated reporting. This funding will equip the XRB to ensure climate risks are accurately reported by large financial institutions and accurately priced by investors to improve the macroeconomic stability of the financial system and contribute to Aotearoa New Zealand's carbon-zero 2050 target.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 4.171 4.217 4.320 4.584 17.292 -

Expanding our Just Transition Support for Communities Facing Transitions

This initiative implements the Government's manifesto commitment to increase support for communities facing transitions, enabling them to understand, plan and manage their transitions and build a productive, sustainable, inclusive and resilient future. It includes funding to empower community partners to lead through change and to accelerate just transition initiatives.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 3.224 3.180 3.780 3.740 13.924 0.038

Expanding the Scope and Size of Funding for Low Emission Transport Technologies and Fuels

This initiative creates a new fund called the Low Emission Transport Fund (LETF). The LETF will be an expansion (both in terms of scope and size) of the existing Low Emission Vehicle Contestable Fund, which is delivered by the Energy Efficiency and Conservation Authority. The LETF will part-fund delivery of both demonstration projects and wider diffusion of low-emission technologies in the transport sector. The capital injection relates to fuel quality monitoring.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 6.760 9.500 12.600 12.500 41.360 0.045

Extending the Warmer Kiwi Homes Programme

This initiative will deliver more insulation and heating retrofits for low-income homeowners through the Warmer Kiwi Homes programme, improving health and wellbeing outcomes and reducing electricity consumption and costs for low-income New Zealanders. It will also improve educational opportunities and productivity by reducing time off school and work due to illness and improve the housing stock by making it warmer and drier. It will support jobs in the energy service sector, and improve environmental outcomes by reducing marginal electricity consumption at times of peak demand. The programme is administered by the Energy Efficiency and Conservation Authority.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 47.662 72.430 - - 120.092 -

Financial Sustainability Funding to Address the Third-Party Revenue Shortfall in the Immigration System

This initiative provides up to $173 million funding in 2021/22 to enable the continuation of core immigration services that have been impacted by a decline in third-party revenue due to COVID-19. Core immigration services are predominantly funded by third-party revenue (under cost recovery principles). However, recent travel and border restrictions imposed in response to the COVID-19 pandemic have significantly impacted fee-paying visa volumes and thus third-party revenues. While there are a number of cost reduction initiatives underway, these will be insufficient in both quantum and timing to make up for the loss in revenues, creating a funding gap.

Funded from the COVID-19 Response and Recovery Fund.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation - - - - - 86.500
Tagged contingency - - - - - 86.500

Implementing a Sustainable Biofuels Mandate

This initiative encourages fuel suppliers to supply sustainable biofuels with low lifecycle emissions, and support emission reductions from transport, particularly in the existing internal combustion engine vehicle fleet, aviation, heavy freight and shipping sectors. This funding will enable the regulating agency to implement the system, and to monitor and verify annual reports from fuel suppliers, including verification of the emissions reductions and sustainability of biofuels used to meet the percentage reduction target for that year.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Tagged contingency - 1.500 1.500 3.000 6.000 -

Maintaining the Emergency Caller Location Information Service

This initiative provides funding for the Emergency Caller Location Information (ECLI) service that enables emergency call-takers to receive automatically generated geographical information about the location of a 111-caller from any mobile phone. ECLI is an integral part of New Zealand's emergency services system, leading to faster emergency call handling and response times due to better incident information. The initiative enables the continued operation of the service and allows for the development and implementation of technical enhancements necessary to keep the service current.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 15.980 15.980 15.980 15.980 63.920 -

Maintaining the New Zealand Food Innovation Network as an Enabler of a High-Value Food and Beverage Sector

This initiative enables the New Zealand Food Innovation Network to continue to operate a national network of food innovation hubs beyond 2021. These hubs equip firms with facilities and knowledge to develop and commercialise new products. Such services are crucial to supporting firm growth, product diversification and job and export growth in the value-added food sector, which is contributing to the COVID-19 recovery.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 4.515 4.515 4.515 4.515 18.060 -

Meeting Crown Obligations in the Energy and Resources Sector

This initiative provides funding to ensure that the Crown is compliant with domestic law and international obligations in the energy and resources sector.

Vote 2020/21 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 279.977 2.277 2.931 2.891 - 288.076 0.165

New Zealand Screen Production Grant - International

This initiative supports an existing grant which incentivises international screen work to be undertaken in New Zealand providing economic benefits and helping to build the capacity of the domestic industry. This spend will contribute to employment of New Zealanders on international productions, support economic activity beyond the sector through expenditure on New Zealand goods and services, and support tourist attraction.

Vote 2020/21 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 35.300 162.150 0.500 0.500 0.500 198.950 -

Regional Strategic Partnership Fund

The Regional Strategic Partnership Fund supports the Government's COVID-19 recovery and regional economic development priorities, including creating more productive, resilient, inclusive, sustainable and Maori-enabling regional economies. The Provincial Development Unit is responsible for its strategy, implementation, delivery and administration. $66.110 million has been provided in 2021/22 through reprioritisation from existing commitments.

Funded through the Provincial Growth Fund.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 66.110 - - - - -

Retail Payments System: Reducing Merchant Service Fees

This initiative will give effect to the proposed Retail Payments Bill, which will introduce a regime to regulate (on a case by case basis) classes of retail payments system participants, their providers and any associated infrastructure operators to meet prescribed thresholds for merchant service fees. The initiative will support the Commerce Commission to address inefficient competition as the regulator for the new regime, which will ultimately help to deliver long-term benefits to merchants and consumers.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Tagged contingency 1.000 3.000 - - 4.000 1.000

Retaining Regional Science Capability to Support Accelerated Regional Growth and Productivity

The initiative provides funding to support the recently established Regional Research Institutes to reach financial sustainability.

Funded from the COVID-19 Response and Recovery Fund.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 4.170 6.000 - - 10.170 -

Rural Connectivity: Network Infrastructure and Spectrum

This initiative provides funding to repurpose a spectrum band to promote the widespread rural deployment of 5G technology. This will support enhancing connectivity and help to relieve network capacity pressures to enable demand for broadband to be met in rural and urban-fringe communities.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 5.000 5.000 - - 10.000 -

Scaling up the Energy Efficiency and Conservation Authority's Energy Support for Businesses

This initiative will increase the Energy Efficiency and Conservation Authority's advisory support to help businesses identify and implement lowest-cost abatement projects, optimise energy use and switch to low-emissions energy sources. The additional funding will be used to increase the activities already underway in the programme and expand support to additional high-carbon emitting sectors. It will expand current programmes including: assisting businesses to complete Energy Transition Accelerator plans; direct engagement with large energy users; indirect support for smaller businesses; and technology demonstrations.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 2.000 4.000 4.000 4.000 14.000 -

Setting the Fuel Industry Regulatory Regime up for Success

The Fuel Industry Act 2020 was passed in August 2020. Its purpose is to promote competition in fuel markets for the long-term benefit of fuel users. Fuel is a significant item of household expenditure and a significant input cost for businesses. This funding will enable the Commerce Commission to deliver on its functions, powers and duties under the Act. On commencement, the Commission will be responsible for enforcing the requirements of the Act, as well as for publishing analysis to shine a light on the competitive performance of fuel markets.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 3.830 4.819 4.775 3.483 16.907 -

Small Business Digital Training, Advisory and Support Programme

This initiative will enable partnering with the private sector to deliver a two-year nationwide programme to supply core digital business skills training to 50,000 to 60,000 Aotearoa New Zealand small businesses, digital business advisory service to assess digital needs and create bespoke digital business action plans.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Business, Science and Innovation 22.000 22.000 - - 44.000 0.030
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