Funding boost for Britain’s leading Olympic and Paralympic athletes

Published: Wednesday 25th November 2015 by The News Editor

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Britain’s top Olympic and Paralympic athletes will have an increase in funding over the next five years instead of the feared cut, the Government has announced.

UK Sport, which distributes public money to elite sport, will see a 29 per cent rise in its income from the Exchequer – which accounts for about a third of its funding with the rest coming from the National Lottery. That should see its annual income rise from £135milion to around £148million in years leading up to the 2020 Tokyo Olympics.

Chancellor George Osborne’s spending review states: “The Government is increasing its funding for elite sport to build on the success of Olympic and Paralympic games at London 2012 and support Team GB’s ambition for success in Rio 2016 and Tokyo 2020.”

The Government will also support bids to host two other major sports events:

The review adds: “Following the success of hosting London 2012 and the rugby union World Cup the government will support the ambition to host the cycling road world championships and 2021 rugby league World Cup in the Northern Powerhouse.”

Funding for grassroots sports will remain broadly the same after it was announced they would receive a “flat cash settlement”, and the same will apply to UK Anti-Doping.

The Department for Culture, Media and Sport, however, will have to make 20 per cent savings from its administrative expenditure.

Published: Wednesday 25th November 2015 by The News Editor

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