The Federal Government has announced improved indexation arrangements that will inject an extra $367 million over the next four years to assist universities meet the cost of research and training.


The further funding will bring the Federal Government’s funding in research and research training to $1.64 billion under this year’s university block grant funding allocation.


"Investing in researchers and innovators, and providing support for Australian universities, is fundamental in building a stronger and smarter Australia," Minister for Tertiary Education, Skills, Science and Research, Senator Chris Evans said.


"This investment will fund cutting edge research in fields like cancer, obesity, diabetes and cardiovascular disease."


The Government has also announced it has met its commitment to double the number of Australian Postgraduate Awards (APA’s).


"This investment will produce the innovators and researchers who will support a prosperous nation, provide new opportunities, and answer the big questions of today and tomorrow," Senator Evans said.


"While we are investing record amounts in our universities and supporting our researchers, we need to ensure that their work translates into benefits for Australians, by pushing the innovation down into Australian industries.