A leading funding body is planning to spend £4 billion on bio-medical research in the next five years.
Wellcome Trust's 60 per cent increase in spending will allow scientists to conduct research on a "scale not possible before", reports the BBC.
A large proportion of the money will be used to increase understanding of the development of common diseases such as heart disease, stroke and cancer.
An important aim will be to translate some of the information gained from the Human Genome project into an understanding of some of society's most serious illnesses.
Neuroscience and illnesses such as Parkinson's disease, Alzheimer's disease and mental illness are also a priority of Dr Mark Walport, head of the trust.
"There are huge opportunities to advance medical research to improve health and wellbeing," Mr Walport added.
The Wellcome Trust is an independent funding organisation which aims to improve health by promoting and fostering research.
Please click here for advice about finding the right type of care.