News and Events REANNZ network to receive ongoing Government funding through to 2024 REANNZ has today confirmed it will receive continued Government investment through until at least 2024. REANNZ, the high-speed telecommunications network powering New Zealand’s research, education and innovation communities, has today confirmed it will receive continued Government investment through until at least 2024. Minister of Science and Innovation Hon Paul Goldsmith has announced a new $21 million investment in the network over the next seven years, allocated from the Ministry of Business, Innovation and Employment’s (MBIE) Strategic Science Investment Fund. The investment will focus on supporting the suite of specialist services and activities REANNZ currently offers, which enable data-intensive research and high-performance science applications. Following a review of the Government investment in REANNZ, the new arrangement comes as recognition of the invaluable service REANNZ provides to New Zealand’s research, education and innovation communities, allowing them to compete and collaborate on a global stage. REANNZ Chief Executive, Nicole Ferguson, says she’s pleased with the funding confirmation and appreciates the contributions of various network stakeholders that enabled the establishment of a successful business case for ongoing funding. “Ultimately, Government’s decision to continue our funding is testament not only to the critical value of the network and the role it plays in enabling New Zealand’s research economy, but also of the beneficial work being conducted across the REANNZ membership. We’re looking forward to working closely with MBIE over the coming months as we work through the detail and implications of the investment. “We’re treating this as an opportunity to review our overall network services model and to make sure it remains relevant for our various members’ current and future needs. “Globally, research is becoming increasingly data-intensive. This strategic investment will assist us to ensure New Zealand can not only participate, but remain at the competitive edge of science and research. This has important implications for us as New Zealanders, as the work done by our science and research communities leads to innovations in areas such as healthcare, agriculture and the environment,” Ferguson concludes.