It is important that the overall scale of public and private investment in research is sufficient to ensure that Australia has the capacity and capability to deliver results in priority areas.
At this early stage, the Australian Government has not mandated that a specific proportion of government funding be directed to the priority areas. However, to make sure that we have the require capacity and capabilities, we need to develop a better understanding of Australia’s existing capacity and capability in priority areas, where current investment is currently directed and the probable impact over time.
The National Science, Technology and Research Committee (NSTRC) – which reports directly to the Commonwealth Science Council – will commission an analysis of current capacity and capability and develop a framework for whole-of-government reporting on investment and activities. Analysis of this ‘mapping exercise’, which will be completed in late 2015, will inform future advice on policy decisions to support the Priorities, including whether there is a need to change the level and balance of investment in priority areas.