RNZ: Newly-independent polytechnics given $325m from former owner
RNZ: Newly-independent polytechnics given $325m from former owner
The 10 newly-independent polytechnics have been kick-started with more than $325-million from their former owner, super-institute Te Pūkenga.
Vocational Education Minister Penny Simmonds said the organisations were recapitalised with sufficient funds to cover three months’ spending plus any ring-fenced funds they took with them when they were subsumed by Te Pūkenga, the NZ Institute of Skills and Technology.
