Investment in medical research: 2015-16 NSW Budget
Medical research across NSW has received a boost to funding as part of the 2015-16 NSW Budget.
$159 million has been allocated over the next four years for medical research.
Minister for Medical Research Pru Goward said funding will help establish NSW as a centre for excellence in health and a leader in medical innovation.
“Medical research unlocks new treatments for disease, offers hope, delivers cures, keeps people well and out of hospital, and at its best, profoundly improves lives,” Ms Goward said.
As part of the budget package $10 million will be invested over four years to support up to 66 PhD and post-doctorate fellowships.
Key medical research initiatives
The 2015-16 NSW Budget includes funding for
- $40 million over four years ($10 million in 2015-16) for a new Health Services Research Support Program to support health and medical research by NSW Health services
- $25 million to expand and improve paediatric research facilities
An extra $20 million over four years ($5 million in 2015-16) for the Medical Research Support Program to support independent medical research institutes
- $12 million over four years to support additional research into medical cannabis
- $10 million for Neuroscience Research Australia (NeuRA) to complete refurbishment of the Margarete Ainsworth building at Randwick and enhance the work of NeuRA and the Schizophrenia Research Institute
- $10 million to the University of Sydney Westmead precinct redevelopment to create an innovation hub connecting research, education and health services
- $9 million over the next four years ($3 million in 2015-16) for medical cannabis trials for children with severe epilepsy, terminally ill adults and chemotherapy patients suffering from nausea and vomiting
- An additional $4.8 million for medical devices funds and commercialisation initiative.
Visit the NSW Budget website.
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