Boosting dementia research
Treasurer Joe Hockey announced new spending on dementia research, holding out hope for those suffering from the serious illness, and their carers.
“As a result, it may be an Australian who discovers better treatments and even cures for dementia, Alzheimer’s, heart disease or cancer,” Federal Treasurer Joe Hockey told Parliament.
The Federal Government has committed $200 million over five years to boost dementia research.
The National Health and Medical Research Council will receive the bulk of the investment at $174 million over five years, commencing in financial year 2014/15.
The Australian Research Council has been allocated $26 million over three years, commencing in financial year 2014/15.
Additional money will be given to the Clem Jones Centre for Ageing Dementia Research, but no funds were specified in the Budget papers. Similarly, the Budget identified the Federal Government’s aspiration to create a National Institute for Dementia Research to coordinate future inquiry and interpret existing research, but no further detail, including of funding, was provided.