The UK’s first Dementia Research Institute will receive up to £150 million to drive forward research and innovation in fighting dementia.
Led by the Medical Research Council, the institute will bring together world-leading experts, universities and organisations to drive forward research and innovation in fighting dementia – a disease that affects an estimated 850,000 in Britain, a figure that’s expected to double in the next 20 years.
The institute will have a central UK hub, with links to universities across the country and will build on the centres of excellence in dementia already operating across the UK. The Medical Research Council will open a competitive process in the new year asking universities to come forward to host the institute itself and will lead the search for a director to head it.
Once established, the institute will draw together world-leading researchers, charities and universities to take forward 3 key strands of work:
- accelerate the pace of discovery research in order to boost drug development
- attract new partnerships with the biopharmaceutical sector to develop new treatments and ways of diagnosing dementia
- develop and promote strategies for interventions that prevent the development or progression of dementia