National Institutes of Health said the $4bn loss will affect ‘indirect’ funding of buildings, equipment and staff
A limit of 15% of grants awarded to research insitutions will be allowed for associated costs such as buildings, equipment and support staff.A limit of 15% of grants awarded to research insitutions will be allowed for associated costs such as buildings, equipment and support staff.is cutting billions of dollars in medical research funding for universities, hospitals and other scientific institutions by reducing the amount they get in associated costs to support such research.
In the financial year of 2023, $9bn out of $35bn in awarded grants went to cover overheads, the NIH said, adding that the new rate will be more in line with requirements of private foundations. However, researchers warned that the cut will imperil vital medical research. “This is a surefire way to cripple lifesaving research and innovation,” said Matt Owens, president of the Council on Government Relations, which represents universities and academic medical centers. “Reimbursement of facilities and administrative expenditures are part and parcel of the total costs of conducting world-class research.
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