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What are the phases of the Tertiary Research Excellence Fund that will come into effect from 2027?

Answered Question 29508 (2026)
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Asked by

Shanan Halbert

List MP · Labour Party

Question

  • What are the phases of the Tertiary Research Excellence Fund that will come into effect from 2027?

Answered by

Hon Penny Simmonds

Member for Invercargill · National Party · Minister for Tertiary Education

Answer

The transition from the Performance Based Research Fund (PBRF) to the Tertiary Research Excellence fund (TREF) will occur in phases. Under Phase 1, in 2027 the PBRF will continue to apply, but there will be some changes to the External Research Income (ERI) component and strengthened research expectations in Tertiary Education Organisation Investment plans. Under Phase 2, the first funding allocations made under the final TREF settings will occur from 2029.