A total of £292 million of confirmed investment has today been allocated by UK Sport toBritish Olympic and Paralympic sports ahead of the London Games in 2012. This funding, building on the £265 million invested for Beijing, has enabled UK Sport to agree a target of a “Top Four” finish in London, aiming to win more medals in more sports than in Beijing and thereby ensure the most successful Olympic performance by a British team for 100 years.
The funding decisions, confirmed yesterday by the UK Sport Board, are made on the basis of UK Sport’s successful ‘no compromise’ investment strategy – which targets resources primarily at those sports and athletes most likely to win medals. It aims to ensure that every athlete supported is able to get to the start line at an Olympics or Paralympics in the knowledge that they are as best prepared as they can possibly be.
As a result, a total of 19 Olympic and 14 Paralympic sports have been allocated full performance funding for the period of the London Olympiad – from April next year until March 2013. Sports receiving the funding certainty include our major medal winners in Beijing, but also team sports like Hockey and Basketball. All funding will be reviewed by UK Sport after two years to ensure that the maximum impact is being gained from every investment decision, and that the right medal opportunities are being prioritised.
The decisions follow the announcement yesterday by the Secretary of State for Culture, Media and Sport of £50 million confirmed public investment into the World Class Performance Programme. This money means that UK Sport is still £50 million short of its original funding ambitions for 2012.
Sue Campbell, Chair of UK Sport, said: “As an organisation dedicated to high performance, we are very clear about the ultimate outcomes for our investment: success at the highest level and a system wide legacy to ensure continued success beyond 2012. That is what we are funding. While it is disappointing that we are not today able to offer the full level of resources to all sports, we can only invest what we have available to us. We will now do everything we can to deliver additional funding into sport and help close the gap, including sitting down with every affected sport and determining how best we can ensure their programmes continue to be supported.”
“We remain absolutely committed to all Olympic and Paralympic sports, and will do everything we can to help get them to the start line in four years time. We are sticking with the Mission – we will not give up on anybody.”
Commenting on the annoucement Adrian Tranter Chairman of the BTCB said, ”I’m delighted. This gives us total confidence in our “no compromise” approach. Our athletes and staff are world class and the increase in funding will underpin their desire and efforts toward London. I must thank UK Sport for their continued support”‘.
Gary Hall Performance Director also had a positive response to the news, “We are pleased to receive the news on the extra funding to support the elite Taekwondo programme, many lessons have been learnt over the last 4 year Olympic cycle, lessons which have been included in our performance programme review as we look to performing in 2012. The extra funding will allow us to address some of the priority programme shortfalls which will in turn improve environment that our best athletes perform in.“
A total of £247 million has been invested in Olympic sport for the London cycle. The funded sports are: Archery, Athletics, Badminton, Basketball, Boxing, Canoeing, Cycling, Diving, Equestrian, Gymnastics, Hockey, Judo, Modern Pentathlon, Rowing, Sailing, Swimming, Synchronised Swimming, Taekwondo and Triathlon.