John Key would scrap science and research funding announced by the Govt.

National's John Key says it will scrap a major new research and development fund for the pastoral and food industries if it becomes the Government at this year's election.
Party leader Mr. Key labelled the fund as a "gimmick" and insisted that only the interest earned on the fund will be spent on research, but the Prime Minister says that Key's statement was wrong.
Mr Key thinks the Government has failed to outline how much will go into research and development a year, and New Zealand does not need the fund.
"It is all about the investment of that capital and the return that comes off it. The government can't tell you that number but I could do a back-of-the-envelope calculation which tells you its about $50m. Wait until you see our science R&D policy."
Prime Minister Helen Clark says within the fund's 15 year lifetime all the money, both interest earned and the original capital investment, will be spent.
Agriculture Minister Jim Anderton estimates in the first year only about $20m to $30m will be spent, but as research proposals develop that should rise to $100m in five years.
He says the new spending will be additional to the approximately $200m dollars a year already spent on food and agricultural research.
The $700m fund, unveiled by the Government yesterday, is to pay for research, development and innovation for pastoral and food industries.
Industries are expected to match the Government's contributions and, with the addition of interest, the fund is expected to grow to about $2bn over the next 10 to 15 years.
Fonterra, Meat & Wool New Zealand, Zespri, Dairy NZ and PGG Wrightson have already agreed, while other companies and industry organisations have yet to decide whether to contribute.