From UK Fundraising
More than 60 of the UK’s top cardiovascular disease and cancer research scientists have signed an open letter to the Prime Minister asking for urgent financial support for UK medical research charities.
Amidst concerns that recent funding announcements from Government for universities and charities will not address the shortfall in medical research charity investment in the UK science base, the letter urges it to “take swift action to invest in a Life Sciences-Charity Partnership Fund to protect the vital and unique contribution charity-funded biomedical research makes to the UK’s R&D ecosystem and the wider economy.”
Last year medical research charities invested £1.9 billion into UK research, with Cancer Research UK and the BHF funding more than half of all non-commercial UK research into cancer and heart and circulatory diseases.
However, Cancer Research UK says it may have to cut an annual £150 million from its research funding due to the pandemic’s impact, while the BHF anticipates cutting its research spend by half this year, from £100 million to around £50 million. This impact is not expected to be restricted to the short-term, with some level of reduction in funding tentatively forecast for at least the next three to five years.
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