Funding

We are responsible for the allocation of all post-compulsory education funding of around $3 billion each year.  Most of this funding is provided in the government’s Budget via Vote:  Education.  Occasionally we administer funding on behalf of other government agencies such as the Ministry of Social Development, or Immigration New Zealand.

Only eligible organisations can be funded.  We provide most funding through an Investment Plan, although there are some off-Plan contracts and funding agreements.  You can find information about current funds and grants using our Fund Finder.

The Tertiary Education Strategy provides the overall framework within which funding decisions are made, ensuring that funding supports TEOs[1] to deliver on the government’s outcome priorities.

Under the Education Act 1989, the Minister for Tertiary Education, Skills and Employment determines the design of the funding mechanisms that we use to fund TEOs[2].  The funding system includes rules and conditions, policies and processes for providers. You can locate this detailed information or ask a question online using the Resource Centre.

Funding information sometimes changes during the year.  To keep up-to-date subscribe to our news update service.

  • [1]

    Tertiary education organisation (TEO)

  • [2]

    Tertiary education organisation (TEO)

  • Last changed: 21 October 2009