Government Reforms Building Research Funding to Boost Innovation and Cut Costs in NZ
The Government is reforming building research funding by repealing the outdated Building Research Levy Act 1969 and consolidating research funding into the existing building levy under the Building Act 2024 to improve transparency, efficiency, and innovation. The new system will centrally manage funds with sector input, ring-fence research funding for long-term projects, and make funding contestable to broaden access for universities and industry organizations, while reducing costs for consent applicants. These changes aim to enhance accountability, support a more resilient building sector, and contribute to making building easier, more affordable, and supportive of economic growth in New Zealand.