University research funding under threat exactly when we need it most – Sydney Morning Herald

The collaborations between Australian businesses and universities generate $12.8 billion a year in revenue and in 2018-19 supported 38,500 full-time jobs across the country, according to Ernst and Young analysis.

Unfortunately, at the very time Australia needs to flatten the COVID-19 curve and help drive our post-pandemic economic recovery, the funding that supports university research is under threat.

Australia needs research and development to prosper, economically and socially. But Australias investment in R&D is at its lowest level in 15 years. In 2017-18, Australia invested just 1.79 per cent of GDP. The OECD average is 2.38 per cent. On these trends, we can expect these figures to be even lower in 2020 for Australia.

Successive governments encouraged universities to develop education as an export sector and a new source of revenue, which we did. Now, international education has grown to become Australias fourth largest export, worth $39 billion per year.

The international education sector in Australia now faces unprecedented challenges, with borders closed and campuses quiet. International students, like their Australian colleagues, are studying online where they can, but some cant, and some will stall enrolling until face-to-face teaching resumes, and until they can get here. Some will have to defer or cancel study plans, as recession hits.

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And it wont be an overnight recovery. International students will be conspicuous by their absence in 2021 and for years after that. Students who didnt start this year, will not be doing second year in 2021 and so on and so on.

The university sector is preparing for this enrolment shortfall to extend for two, three or perhaps five years. And thats not something any industry can absorb.

Particularly not universities, which have been excluded from other broadscale economic stimulus initiatives, including the JobKeeper package.

Recent modelling by Universities Australia estimated the decline in university revenue would mean the loss of 21,000 jobs, or 16 per cent of the total university workforce.

But because of the way research is now funded, research staff are likely to be at even greater risk. New modelling by Professor Chris Moran at Curtin University estimates the loss of international student income could be as high as $2.5 billion nationally in 2020, putting 38 per cent of research salaries at risk. But its not just these jobs that are at risk. Its also the future medical breakthroughs, the new technologies, and the start-ups and spin-offs that will employ hundreds of thousands of Australians.

With Australias post-pandemic economic recovery at stake, were asking the commonwealth to prioritise and strengthen investment in research. We must work together to build a bridge to the future.

Professor Deborah Terry AO is the Chair of Universities Australia and Vice-Chancellor of Curtin University.

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University research funding under threat exactly when we need it most - Sydney Morning Herald

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