CSIRO gets a $459m budget lifeline for science

CSIRO gets a $459m budget lifeline for science

The federal government has thrown CSIRO a $459 million lifeline as the country’s peak science research organisation reels from the effects of the COVID-19 pandemic on its industry partnership revenue lines.

The $459 million in funding is over four years from 2020-21 and rolls out with $133 million in 2021 followed by $113 million, $115 million and $99 million in the following years.

The funding is to plug the hole in CSIRO’s commercial activities due to the economic devastation from COVID-19 and ensure continued essential scientific research.

There’s a boost for Australian AgTech within the funding of $5 million in 2020-21 to support the upgrade of CSIRO’s agriculture and grazing research facilities.