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Annual Report 2015–2016

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RESEARCH FUNDING EXPENDITURE<br />

Funding received for health and medical research from the Australian Government and other sources through<br />

the Medical Research Endowment Account (MREA) amounted to $845.5 million 1 in 2015–16, while grant<br />

payments for health and medical research totalled $825.5 million in the same year.<br />

New grants awarded through the MREA during 2015–16 amounted to $865.7 million to be spent over a<br />

period of up to six calendar years. This is an increase of $39 million, up from $826.7 million in 2014–15.<br />

The increase is due to new grants awarded under the Boosting Dementia Research budget measure,<br />

an increase to the allocation for new Program Grants, an additional round of Partnership Projects, and a new<br />

Targeted Call for Research to Prepare Australia for the Genomics Revolution.<br />

The MREA balance at the end of 2015–16 was $151.4 million.<br />

Figure 2<br />

Medical Research Endowment Account: new grant commitments, revenue,<br />

grant payments and the MREA balance<br />

PART 1 Overview<br />

1,000<br />

900<br />

800<br />

700<br />

$ MILLION<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16<br />

FINANCIAL YEAR<br />

New Grant Commitments<br />

Revenue (Appropriation & Other Receipts)<br />

Grant Payments<br />

MREA Balance<br />

In 2015–16, NHMRC also administered grant programs for activities related to dementia research<br />

($8.8 million, including $2.8 million for Boosting Dementia Research and $6.0 million for dementia<br />

related collaborative and partnership research centres), anti-venom research ($0.5 million) and provision<br />

of research evidence for clinical practice and policy through the Cochrane Collaboration ($2 million).<br />

1 Funding in 2015–16 includes Australian Government appropriations credited to the Medical Research Endowment<br />

Account ($836 million), external funding from other organisations ($6.2 million), and unspent grant funds that have been<br />

recovered ($3.2 million).<br />

<strong>Annual</strong> <strong>Report</strong> of the National Health and Medical Research Council <strong>2015–2016</strong><br />

9

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