The Association of Medical Research Charities (AMRC) has highlighted the risks to research as charities’ income falls, and asked the UK Government to help make up the shortfall.
“AMRC members are reporting a 38% loss in fundraising income. For those with charity shops and trading activities, over half are reporting a loss of 90-100% in income. This leaves many of our charities with no option but to pause or stop research, withdraw funding calls, furlough charity staff and make redundancies.”
The Association has proposed a plan to restore charities’ medical research, and is asking the Government to contribute to making it a success:
“…we’re urgently calling for Government to commit to our proposed Life Sciences-Charity Partnership Fund. This co-investment scheme would provide a level of match funding from Government for future charity research over the next three years.
“We’re asking for at least £310 million from Government in the financial year of 2020/21 to bridge the sector’s projected research spend gap. This would be matched by funding from charities to maintain consistent research investment.”
AMRC says the fund will allow its members to:
- address unmet needs, funding research shaped by patients, carers and the public
- de-risk early stage research so that other funders can deliver new treatments and products
- invest in talent and skills, funding the salaries of over 17,000 researchers
- fund across the breadth of the UK so that research benefits every corner of the country
- be innovative, collaborative, ambitious and focused on real patient needs
Read the full proposal here.