$5m investment in forestry research partnership
Rotorua MP Todd McClay says a $5m investment in a forestry research partnership will strengthen ties between research organisations and the industry to produce better research, driven by the needs of the industry. This will increase efficiencies and ensure the industry is smarter and more competitive, leading to a better performing industry producing more jobs for local people.
The new money will go towards research which will focus on developing a broader range of higher value, better performing wood products from other trees grown here. The industry currently relies heavily on radiata pine for much of its product. By finding alternatives to pine, the industry will be further future and disaster proof by providing protection from changes in demands, and internal threats such as pests or diseases.
“The industry already contributes around $5 billion to our exports, much of which comes from right here in Rotorua. This increase in funding will ensure that the industry is at the cutting edge, and competitive on the world stage. This means businesses will be able to be more efficient and employ more people” says Mr McClay.
“This money will also go towards ensuring that the industry goes from strength to strength, by innovating and adding value to products that we export.
“I encourage local organisations and industry to make applications to the fund, to ensure research occurs and directly benefits Rotorua. All of this means that the industry will grow and be stronger, while increasing our competitiveness on the global stage. This means the industry will be able to produce more and create more jobs to employ local Rotorua people, so more families will be better supported by better and higher paying jobs” says Mr McClay.
Applications can be made to the Ministry of Business, Innovation & Employment at any time. More information can be found at: http://www.msi.govt.nz/get-funded/research-organisations/research-partnerships