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Government to spend $8m on wool R&D

A total of $8.4 million of government funds will be spent on a public-private partnership led by the wool industry.

The initiative is backed by the companies New Zealand Wool Services International and AgResearch. It also involves researchers at University of Otago and Massey University, as well as the Lincoln Agritech research organisation run out of Lincoln University.

The government funding has been promised over a seven-year period. It will be used in combination with industry funding to look at new functions for wool fibre, such as textiles and bedding and filtration materials. It is estimated that the partnership will spend $21m on R&D overall.

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