12 Jan 2011

Govt invests $17.25 million in wool research

1:55 pm on 12 January 2011

The Government is investing $17.25 million over the next five years in a wool research consortium to help the wool industry bounce back.

In a joint statement, Research, Science & Technology Minister Wayne Mapp and Agriculture Minister David Carter say the success of the wool sector hinges on developing new uses and markets for the industry.

The Government hopes to boost New Zealand's export earnings from wool fibre and from wool products developed through market-led research programmes.