04/02/2017 12:02 PM AEDT | Updated 04/02/2017 12:33 PM AEDT

Medical Research To Get $125m Government Funding Boost

There'll be more money into health problems like dementia and cancer.

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Health Minister Greg Hunt has announced an extra $125 million in medical research funding.

Researchers and scientists will get $125 million extra in government funding to help combat health problems like cancer, obesity and sport concussions.

The federal government announced on Saturday that research into health and medicine issues like dementia, indigenous health and mental and indigenous health would also benefit from the funding injection to be rolled out over five-years.

Greg Hunt unveiled the funding in Melbourne, with more than 100 projects and 232 researchers set to benefit from in his first official act as health minister.

The Murdoch Children's Research Institute and the University of Melbourne are also big winners from the funding announcement, according to NewsCorp Australia.

Hunt took over the high-profile portfolio last month from Sussan Ley who was forced to resign from the front bench after a travel expenses scandal.

"No country is doing better in the fight against cancer than Australia -- our survival rates are at world's best," Mr Hunt is quoted as saying by the Nine Network.

"But we do know that more than 130,000 people are likely to be diagnosed by with some form of cancer this year."