Medical Research Future Fund (MRFF) Funding Profile

Medical Research Future Fund (MRFF) Funding Profile

 

 

There is estimated to be $2 billion in medical research funding from the MRFF over the next 5 years.

Summary of MRFF funding commitments and unallocated funding (as 30 June, 2018)

 

$ millions2016-172017-182018-192019-202020-20212021-2022Six year totalOut yearsTotal MRFF
Total Committed MRFF funds18.00143.35222.37317.43356.95222.001280.10437.501717.60
Total Available MRFF disbursements18.00143.35222.37392.70650.20645.902072.52N/A
Unallocated Funds0.000.000.0075.27293.25423.90792.42N/A

Source: MRFF Consultation Discussion Paper 2018-20, Appendix B, Table B

 

 

The MRFF is funding medical research initiatives in four key streams – patients, researchers, missions and translation.

Funding allocations to Medical Research Future Fund Initiatives (as 30 June 2018)

 

MRFF STREAM 1 – PATIENTS

$ millions2016-172017-182018-192019-202020-20212021-2022Six yearOut yearsTotal
Clinical Trials Activity: Rare Cancer, Rare Diseases and Unmet need-23.0033.0050.0050.0050.00206.00-206.00
Accelerated Research 7.007.0014.0014.0014.0056.00-56.00
International Clinical Trial Collaboration-4.006.008.0012.0012.0042.00-42.00
Lifting Clinical Trial and Registry Capacity*-1.953.643.513.90-13.00-13.00
Tackling Antimicrobial Resistance*-2.501.501.000.90-5.90-5.90
Clinical Trial Network Capacity1.001.501.501.00--5.00-5.00
National Security Against Pandemic Risk*-2.00----2.00-2.00
TOTAL FOR STREAM 1329.90329.90

 

MRFF STREAM 2 – RESEARCHERS

$ millions2016-172017-182018-192019-202020-20212021-2022Six yearOut yearsTotal
Frontier Health and Medical Research-10.0050.0060.0060.0060.00240.00-240.00
Next Generation Clinical Researchers*-11.3012.3321.8222.5510.0078.00-78.00
Industry Researcher Exchange and Training--4.008.0010.0010.0032.00-32.00
TOTAL FOR STREAM 2350.00350.00

 

MRFF STREAM 3 – MISSIONS

The three missions announced to date are long-term funding commitments over 10 years that extend beyond the current funding projections.

$ millions2016-172017-182018-192019-202020-20212021-2022Six yearOut yearsTotal
Genomics Health Futures Mission-10.7034.1071.3078.7048.70243.50256.50500.00
Million Minds Mental Health Research Mission-12.5012.5012.5012.5012.5062.5062.50125.00
Brain Cancer Mission-5.005.005.005.005.0025.0025.0050.00
TOTAL FOR STREAM 3331.00344.00675.00

 

MRFF STREAM 4 – TRANSLATION

$ millions2016-172017-182018-192019-202020-20212021-2022Six yearOut yearsTotal
Targeted Translation Research Accelerator---6.5012.5012.5031.5093.50125.00
Rapid Applied Research Translation*-25.0020.0020.0020.0085.00-85.00
Bio/Med-Tech Horizons*-10.005.0010.005.005.0045.00-45.00
Targeted Health System & Community Organisation Research-4.805.0010.0020.00-39.80-39.80
Biomedical Translation Bridge-5.105.305.305.301.3022.30-22.30
Keeping Australians Out of Hospital -4.504.504.504.60-18.10-18.10
Maternal Health and First 2,000 Days-2.505.005.005.00-17.50-17.50
Boosting Preventative Health Research10.00-----10.00-10.00
TOTAL FOR STREAM 3269.2093.50362.70

 

* Profiles have been subject to movement of funds since announcement

Source: MRFF Consultation Discussion Paper 2018-20, Appendix B, Table C