The McGowan government has announced the annual interest from the $1.3 billion WA Future Fund will be redirected to address the gap in current health and medical research investment.
The additional $52 million will ramp up health research investment over a three-year period (from 2020-2021 and 2022-2023). Which will increase the total research investment to $126.6 million over the next four years.
The funding boot is aimed at retaining our innovation and commercialisation opportunities stemming from local research discoveries and innovative practices. Allocations from the fund will be made through a robust governance structure.
Read more about the 2019-2020 State Budget health and medical investment