I am pleased to provide you an update on key announcements in the 12 May 2015 Federal Budget related to Health and Medical Research.
Developing Northern Australia — positioning the north as a leader in tropical health
The Government will provide $15.3 million over four years to invest in research into exotic disease threats to Australia and the region.
$6.8 million over four years will be provided to the National Health and Medical Research Council to support research into tropical diseases, build collaboration and capacity in the health and medical research workforce, and promote the translation of this research into health policy and practice.
The Government will also provide $8.5 million over four years to establish an Australian Tropical Medicine Commercialisation grants programme to support Australian medical researchers to commercialise therapeutics and diagnostics in tropical medicine and to attract foreign investment.
This measure will form part of the Government's White Paper on Developing Northern Australia.
Developing Northern Australia - positioning the north as a leader in tropical health
|Australian Trade Commission||-||
|National Health and Medical Research Council||-||0.9||2.2||2.2||1.5|
|Total - Expense||-||2.3||4.4||4.9||3.8|
Budget Measures, Budget Paper No. 2, 2015-16 p101.
Medical Research Future Fund (MRFF)
The Government remains committed to the establishment of the Medical Research Future Fund (MRFF), and will introduce legislation to establish the MRFF from 1 August 2015. $10 million will be made available for research grants in 2015-16, with further allocations totalling $53 million in 2016-17, $130 million in 2017-18 and $224 million in 2018-19.
Medical Research Endowment Account (MREA)
Adjusting for the additional 13th grant funding payment in 2014-15, NHMRC will manage similar levels of funding through the Medical Research Endowment Account (MREA) compared to last year, increasing slightly over the forward estimates in line with indexation.
|Funding through the MREA||2014-15||2015-16||2016-17||2017-18||2018-19|
|*Includes funding an additional, 13th, monthly grant funding payment in 2014-15 to realign payments on a monthly basis in line with Administering Institutions expenditure on research.|
Overall Budget detail is available from www.budget.gov.au.
Professor Anne Kelso AO
Chief Executive Officer
National Health and Medical Research Council