The Government has launched a new £800 million medical research fund in the hope to create new treatments and improve care for patients.
The money will be spent on projects aimed at advancing the diagnosis, prevention and treatment of serious illnesses and to create four new biomedical research units specialising in dementia research.
Prime Minister David Cameron says the “unprecedented investment” will develop a “modern, world-class health service patients deserve”.
The fund is part of the £4bn reserve announced in the Comprehensive Spending Review last October.
Over the next five years the money will be spent with the aim of improving the treatment of illnesses such as such as cancer, diabetes, dementia and heart disease.
Research will be conducted throughout the NHS and by university partnerships which will be managed by the National Institute for Health Research.
Health Secretary Andrew Lansley says fund will give “British scientists the means and tools to develop groundbreaking world class health research”.
“As part of our £4bn investment in research and development, we have committed £800m for translational research – developing exciting new science into tangible, effective treatments that can be used across the NHS.
“This will help deliver real improvements in patients’ chances of surviving and living a more independent, healthier and better quality of life,” he said.