1.1The Tertiary Education Commission Te Amorangi Mātauranga Matua (TEC) manages the PBRF which has the primary goal of encouraging and rewarding excellent research in New Zealand’s tertiary education sector. This involves assessing the quality of research carried out by New Zealand-based degree-granting TEOs – and their wholly-owned subsidiaries – and funding them on the basis of their research performance.
1.2The PBRF considers the quality of research carried out by researchers working at participating TEOs, rather than the quantity of research outputs or the particular nature of the research as such. The purpose of the PBRF is not to provide funding for research projects, but to reward research excellence and support TEOs to provide an environment that produces high quality research. One of the key reasons for taking this approach is to ensure that degree and postgraduate-level teaching is underpinned by high quality research activities.
1.4In 2011 and 2012, A total of 27 TEOs participated in the measures that form the PBRF. These participants include all eight of New Zealand’s universities; ten of the 17 eligible institutes of technology and polytechnics (ITPs); two of the three eligible wānanga; and seven of the 17 eligible private training establishments (PTEs).
1.5The PBRF has three components:
1.6In the PBRF funding formulae, these three components are weighted 60 percent, 25 percent, and 15 percent respectively.
1.7For each of the components, a provider’s share of funding is determined by its performance relative to other participating TEOs. QEs were held in 2003, 2006, and 2012. The 2006 evaluation set TEOs’ QE ratios until the end of 2012, with the 2012 evaluation then setting ratios for 2013 onwards. The RDC and ERI measures are calculated annually using weighted three-year rolling averages.