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Record $15 Million For Spinal Research In NSW State Budget

The NSW Government is set to unveil a record $15 million in funding for spinal research in this Tuesday's state budget.

It will be the most money spent on research, treatment and development for spinal injuries in about 25 years, according to reports.

Spinal injuries affect up to 15,000 Australians and their families, with car accidents being the leading cause, followed by falls.

"When it comes to spinal chord injury research, scientists now believe it is no longer a matter of if, but when, there will be a cure," SpinalCure CEO Duncan Wallace said.

"This investment by the NSW Government is a potential 'game changer' in our world because it coincides with exciting research breakthroughs."

The money will be distributed over five years and go towards researchers able to demonstrate how their work would benefit spinal chord injury patients, reports the Daily Telegraph.

spinal injury
Stock image. Photo: Getty.

Investing in research is "our only hope", SpinalCure co-founder and chair Joanna Knott said.

"Unlike those suffering from many other conditions, people with a spinal cord injury can't rely on surgery, a pill or a lifestyle change to cure us."

This grant will also help address the staggering cost of spinal injuries to the Australian economy, which are estimated to be in excess of $2.5 to $3 billion each year.

Tune in to 10 News First at 5pm for the full story.