Research Australia has welcomed tonight’s announcement in the Federal Budget that from 2030-31, the Medical Research Future Fund will distribute $1 billion of direct investment in medical research, reaffirming the MRFF’s original purpose and providing a significant boost to the sector.
CEO of Research Australia, Nadia Levin, said the decision reflects the importance of maintaining a clear focus on research funding to deliver better health and economic outcomes for all Australia.
“The intent of the MRFF has always been to make $1 billion available each year for investment in medical research, and Australia needs to build to that level as a priority and tonight’s news from the Budget is welcome,” Ms Levin said.
I want to thank all the Research Australia members who have contributed to the ongoing campaign to release the additional funds in the MRFF. You’re stories, case studies and experiences have kept the pressure on.”
This result is welcome news to a sector under significant strain, providing much-needed certainty and momentum at a time when rising costs, workforce pressures and global competition are placing increasing pressure on Australia’s health and medical research and innovation system,” Ms Levin said.
After first identifying the funds in 2023, Research Australia has led advocacy on this issue, calling for targeted MRFF investment in priority areas including early and mid-career researchers and a new research-active healthcare mission to better support translation.
Ms Levin said directing the additional funds directly to research will strengthen Australia’s capacity to translate discovery into real-world outcomes and support industry collaboration.
“The MRFF is not only a research fund – it is a critical translation fund that enables collaboration between researchers, clinicians and industry to turn discoveries into new therapies, technologies and companies,” Ms Levin said.
This announcement is about strengthening Australian health and medical research and innovation to deliver a healthier population and a wealthier economy.
Research Australia acknowledges the sector-wide advocacy with its members and others that led to this achievement and will continue to work with Government to ensure the MRFF delivers on its full potential, in line with its original intent, as a dedicated and enduring investment in Australia’s health and medical research and innovation future.
