The Morrison Government is continuing its support for world leading medical research by contributing an additional $172.5 million to supplement the Medical Research Future Fund (MRFF) in 2021-22.
\nThe MRFF reached its $20 billion maturity in July 2020, however the historic low RBA cash rate has reduced the amount available through the MRFF to $455 million in 2021-22.
\nThe additional funding will bring the MRFF disbursement for 2021\u201122 back up to $627.5 million.
\nThis funding will maintain the Government\u2019s commitment to the 20 initiatives outlined in the $5 billion MRFF 10-Year Investment Plan, which focus on areas of unmet need or with potential for transforming health care and outcomes.
\nThe Morrison Government is proud to support academic institutions and small to medium sized commercial organisations in conducting valuable research, tackling the wicked problems in health and helping improve the lives of Australians and people around the world.
\nThe MRFF disburses funds primarily through competitive peer reviewed processes, with over 480 grants to the value of $1.3 billion announced since inception of the MRFF in 2015.
\nIt focuses on four key themes \u2013 Patients, Researchers, Research Missions and Research Translation. Under these themes there are currently 20 initiatives including Clinical Trials Activity Initiative, Australian Brain Cancer Mission, the Dementia, Ageing and Aged Care Mission, Global Health Initiative, the Medical Research Commercialisation Initiative, and the Million Minds Mental Health Research Mission, among others.
\nThe MRFF progresses vital research allowing Australians to benefit from life-changing medical discoveries. It also helps institutions and businesses leading the research to create jobs and encourages more Australian researchers to keep doing their work here.
\nA record $597.9 million will be disbursed from the MRFF to support medical research in 2020\u201321; the additional investment from Government means $627.5 million will be available for medical research in 2021-22.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Morrison Government is continuing its support for world leading medical research by contributing an additional $172.5 million to supplement the Medical Research Future Fund (MRFF) in 2021-22. The MRFF reached its $20 billion maturity in July 2020, however the historic low RBA cash rate has reduced the amount available through the MRFF to $455 … Continue reading “$172.5 million funding top up to support Australian medical research”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9688","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/9688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=9688"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/9688\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=9688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=9688"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=9688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}