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Government investment confirmed for Olympic & Paralympic sport

Published 30 October 2024

UK Sport’s response on the news from the Chancellor regarding the Government Budget and the funding of Olympic and Paralympic sport in the UK.

Sally Munday, CEO of UK Sport said;

"The Government’s commitment to a multi-year investment of £344 million over the next four year cycle in the UK’s Olympic and Paralympic sports is incredibly welcome.

"We are confident that the amount announced, alongside the excellent support provided by The National Lottery, will enable British athletes to pursue their ambitions at Milan Cortina 2026, LA 2028, and beyond. It means that Olympic and Paralympic sports in the UK can deliver more extraordinary sporting moments like we proudly witnessed at the recent Paris Games.

"Investment into Olympic and Paralympic sport is incredible value for money as it drives economic growth and inspires and unites people and communities across the country.

"The money invested into Olympic and Paralympic sport allows world class support to be provided to British athletes. This includes enabling investment into some of the best coaches, sports science and medicine in the world and contributes towards costs of training environments, camps, travel, accommodation, and entry into international competitions outside of the Olympic and Paralympic Games. It also enables over 1000 athletes across 50 sports to receive grants to contribute to their living costs.

"I would like to place my thanks on record to the Government for the commitment and support they have shown to British Olympic and Paralympic sport and athletes today - it will make a real difference."

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