The Randwick medical precinct, including UNSW, has been supported by a $16 million funding injection from the NSW Government.
Announcing the funding at the weekend, NSW Premier Kristina Keneally pledged $10 million to help establish the UNSW-led Australian Advanced Treatment Centre (AATC) - an integrated clinical research and teaching facility.
A further $6 million was earmarked to deliver a state-of-the-art neuroscience research facility housing Neuroscience Research Australia on the Prince of Wales hospital campus.
"Our ongoing support for these projects helps our best and brightest medical researchers to do what they do best: find better treatments and save lives," Ms Keneally said.
UNSW Vice-Chancellor Professor Fred Hilmer welcomed the $16 million funding for what he described as one of Australia's pre-eminent health precincts.
"The medical precinct works on treatments and cures for ailments such as adult and childhood cancers, heart disease and stroke and a range of neuro-psychiatric disorders including depression, Alzheimer's and schizophrenia," Professor Hilmer said.
"This contribution from the State Government will enable UNSW Medicine to better integrate research, education and clinical care and provide better health outcomes for patients and the community."
Head of the Prince of Wales Clinical School, UNSW Professor Robyn Ward, said: "The role the AATC will play in converting research discoveries into improved treatments in our hospitals is vital. The Centre will play a major role in the development and evaluation of new therapies, including new cancer treatments."
CEO of Neuroscience Research Australia, Professor Peter Schofield said: "Neuroscience is the final frontier in medical science. This support will provide the ideal setting for our scientists and clinicians to make the breakthroughs needed to conquer diseases such as schizophrenia, Alzheimer's and Parkinson's."
Read the full media release on the NSW Premier's website.
Media contact: Steve Offner, UNSW Media Office, 9385 8107