New Zealand MBIE Employment

PM's Science Council Recommends $122M Science Funding Reallocation Over 3 Years

The Prime Minister's Science, Innovation and Technology Advisory Council has published its first report recommending that the government reallocate $122 million over the next 3 years toward advanced technologies. The report proposes organising future investment around four funding pillars: primary industries and the bioeconomy, technology for prosperity, environmental sustainability and resilience, and healthy people and a thriving society. The council's advice is intended to inform the Government's Science Investment Plan, to be released around mid-year, which will set out strategic research priorities and align public investment with long-term government goals.

NZ Fuel Stocks Stable, Petrol at 51.2 Days Cover

MBIE's 22 April 2026 update reports national fuel stocks as of 19 April 2026: petrol 51.2 days, diesel 41.6 days, and jet fuel 47.4 days of cover. Stocks have decreased slightly since the previous update of 15 April (petrol 54.0, diesel 44.8, jet fuel 51.4), but MBIE states this reflects normal seasonal variation as international shipping operates without disruption from the current Middle East situation. Six ships are within the EEZ and five are en route from outside the EEZ. The next data update is scheduled for 27 April 2026.

64 High-Performing Endeavour Fund Projects Receive 12-Month Extensions

The New Zealand Ministry of Business, Innovation and Employment announced 12-month extensions for 64 high-performing Endeavour Fund projects effective 2026. The 2026 Endeavour Fund contestable round was paused to provide stability for the science, innovation and technology sector during the reform period, with the redirected allocation allowing strong projects to continue. Named recipients include the New Zealand Institute for Bioeconomy Science, University of Auckland, and University of Waikato, working on bioproduct production, Varroa mite control, and hydrogen storage research.