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Performance Based Research Fund
The Performance Based Research Fund (PBRF) was a New Zealand tertiary education funding process, assessing the research performance of tertiary education organisations (TEOs) and then funding them on the basis of their performance. [1] The PBRF provided NZ$316 million to support the tertiary sector in 2018/19.[2]
The PBRF model had three elements to:
- reward and encourage the quality of researchers— 55 percent of the fund
- reflect research degree completions—25 percent of the fund
- reflect external research income— 20 percent of fund
All New Zealand Tertiary Education Organisations (TEOs) who were approved by the New Zealand Qualifications Authority (NZQA) to award degrees, and also received Student Achievement Component (SAC) funding from the Tertiary Education Commission (TEC) were entitled to participate in the PBRF Quality Evaluation process. [3] In March 2024, the Government announced that the 2025 round was cancelled and all work related to it was stopped, pending a review by University Advisory Group.[4]
- ^ "Performance-Based Research Fund". 19 September 2016.
- ^ "Vote Tertiary Education - Education and Workforce Sector - Estimates 2018/2019" (PDF). New Zealand Treasury.
- ^ Tertiary Education Commission (2019). "Performance-Based Research Fund (PBRF) 2018 Quality Evaluation results: Frequently Asked Questions" (PDF).
- ^ Education, New Zealand Ministry of (2024-03-27). "University Advisory Group established and PBRF Quality Evaluation 2026 cancelled". Tertiary Education Commission. Retrieved 2024-03-27.
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