Opened the debate
Charity-funded medical research has lost significant funding due to the pandemic. Charities have seen a 38% loss of fundraising income between March and May 2020, leading to an immediate shortfall of £310 million this year. Predictions show a 41% fall in research spend in this financial year and a potential shortfall of up to £7.8 billion in UK R&D spending by 2027. The pandemic has led to the halving of research budgets for organisations like the British Heart Foundation, with Cancer Research UK cutting £44 million from its research spending.