Following Gordon Brown’s Budget announcement of an additional £200 million of public money for high performance sport in the run up to London 2012, with another £100 million being sought through private investment, UK Sport has affirmed its commitment to ensuring the fast, effective distribution of these funds to governing bodies and athletes.
UK Sport’s "100 Day Plan" sets out a series of targets leading up to 6 July 2006, the anniversary of London being awarded the Games. The first of these will see the confirmation of funding awards for 2006-09 for all sports within 14 working days.
"Yesterday’s announcement was excellent news for Olympic and Paralympic sport, and we recognise the importance of getting the money out to the sports as soon as possible," said Sue Campbell, Chair of UK Sport. "By doing so we can maximise the impact of this funding on sports and athletes."
Decisions on the distribution of funding will be based on UK Sport’s 'no compromise’ strategy which prioritises sports with the appropriate structure in place to make the most effective use of the investment, and athletes who have the potential to succeed against determined criteria.
"By showing its faith in us and our funding model, the Government has set a challenge which the whole of British sport must now work together to reach. This is a once in a lifetime opportunity and UK Sport is determined that not a single penny of this investment is wasted," added Campbell.
Under UK Sport’s "100 Day Plan", all sports will be in position to either receive their full award, or have an agreed timetable in place for receipt. In the interim period, quarterly public reports on the progress being made will be released including a sport-by-sport review of released funding.