latest health care news

02.09.20

Open letter to PM urging support to plug projected £310m shortfall

A collective of more than 30 top pharmaceutical and health tech companies have signed an open letter to Prime Minister Boris Johnson urging for financial support to safeguard medical research charities.

Faced with a projected £310m shortfall in charity research investment, the Life Sciences-Charity Partnership Fund, developed by the Association of Medical Research Charities (AMRC), has called on Government to bridge the anticipated funding gap.

Backed by a number of big names within the industry, the open letter urges the Prime Minister to commit to three years of matched investment through the proposed fund to help protect the work and contributions of charity research within the UK’s health and economy.

In the UK, medical research charities provide significant R&D investment, spending a reported £14bn on research since 2008.

Half of publicly-funded medical research nationally is accountable to these charities, who also play a significant role in attracting private investment – having stimulated more than £196m in further funding from the private sector since 2005.

Coronavirus has necessarily forced the suspension of many fundraising activities and shop closures, significantly impacting charities’ incomes, forcing an anticipated reduction in research spend over the next year of 41%.

AMRC have issued a warning in the open letter that failing to support these medical research charities is likely to lead to a knock-on effect for private R&D investment, notably stalling Government ambitions of raising R&D expenditure to 2.4% of GDP by 2027.

486 iStock-478022512

Aisling Burnand MBE, CEO of the Association of Medical Research Charities said: “The UK is fortunate to have a range of vibrant medical research charities that add to the country’s life sciences R&D funding mix and this sector must be protected in the aftermath of COVID-19.

“Charity research provides the foundations for commercial research. You cannot support the latter without the former.

“By investing in charity-funded research, Government can help medical research charities deliver a better future for patients across the UK, protect the UK’s research skills and capabilities and contribute to economic growth.”

Richard Torbett, Chief Executive of the Association of the British Pharmaceutical Industry (ABPI), one of the organisation’s backing the open letter, added: “Medical research charities are a key strength of UK’s life sciences and advances in research depend on collaboration between industry, academia, the NHS and charities, with each playing a unique role.

“Our companies partner every day with research charities who offer expert insights from their patient communities, which help to make sure that research and treatments maximise the benefits to patients.

“It is vital that our health research charities are supported through this challenging period if we are to achieve our long-term ambitions for UK life sciences.”

Comments

There are no comments. Why not be the first?

Add your comment

 

national health executive tv

more videos >

featured articles

View all News

last word

Haseeb Ahmad: ‘We all have a role to play in getting innovations quicker’

Haseeb Ahmad: ‘We all have a role to play in getting innovations quicker’

Haseeb Ahmad, president of the Association of the British Pharmaceutical Industry (ABPI), sits down with National Health Executive as part of our Last Word Q&A series. Would you talk us throu more > more last word articles >

health service focus

View all News

comment

NHS England dementia director prescribes rugby for mental health and dementia patients

23/09/2019NHS England dementia director prescribes rugby for mental health and dementia patients

Reason to celebrate as NHS says watching rugby can be good for your mental ... more >
Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >

interviews

Organ Donation Week: Having the conversation

11/09/2020Organ Donation Week: Having the conversation

As part of Organ Donation Week, NHE’s Matt Roberts spoke with our Man... more >

the scalpel's daily blog

NICE’s support for rebuilding capacity in non-Covid health services

18/09/2020NICE’s support for rebuilding capacity in non-Covid health services

Paul Chrisp, Director of the Centre for Guidelines, NICE When the Covid-19 pandemic hit the UK’s shores earlier this year, the NHS responded quickly, diverting and ... more >
read more blog posts from 'the scalpel' >