The 2019-20 Federal Budget details the Australian Government's commitment to supporting lifesaving medical research. The Budget includes a $5 billion 10-year investment plan from the Medical Research Future Fund (MRFF).
This investment will reaffirm Australia's position as a global health and medical research powerhouse. It will also fuel cutting edge research to deliver breakthroughs in new cures and treatments. These will make a difference to the lives of all Australians.
The Plan has 4 themes:
- patients
- researchers
- translation
- missions
The Plan extends important key initiatives under the MRFF. It will provide more money for:
- clinical researcher fellowships
- clinical trials
- the bold game-changing Frontiers initiative
- translation centres across Australia
The new initiatives align to the new MRFF Priorities (2018-2020). These are determined by the independent Australian Medical Research Advisory Board following national consultation. This includes funding for:
- new missions stem cells:
- Indigenous health research
- dementia ageing and aged care
- cardiovascular health
- traumatic brain injury
- preventative and public health research
- primary health care research
- commercialisation support for medical research
- critical research and data infrastructure
This 10-year plan builds on $3.5 billion in health and medical research funding provided through the National Health and Medical Research Council and the $500 million Biomedical Translation Fund.
