The Performance-Based Research Fund (PBRF) is how the government allocates research funding to universities. Every six years each university is ranked according to a number of criteria and given a score, which determines the level of funding each institution receives for the next period. In 2013 the quality scores of all institutions markedly increased over their ratings in 2010, and the rankings had changed, with Victoria University of Wellington marginally ahead of the others.
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Source Ministry of Education