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Huge rise in funding for GB athletes ahead of Rio Games

INCREDIBLE PEFORMANCES: Nicola Adams and Anthony Joshua

DUE TO the success of Team GB at the London 2012 Olympic Games, several sports have seen a rise in funding in the build up to the 2016 Rio Games.

Eighteen sports have seen their funding increased by UK Sport while four sports have had their funding completely withdrawn.

A record total of £347m will be made available for UK Sport, which is an 11 per cent increase on the funding that was available for Team GB in London 2012.

Team GB captured 65 medals at the Games and 120 at the Paralympic Games.

Paralympic funds have been also been increased from 16 per cent to 20 per cent.

However, four sports – basketball, handball, table tennis and wrestling – have had their funding cut completely.

UK Sport have said that the distribution of money was based on what sports reached their medals targets at London 2012 during the summer.

With five medals, three of which were gold, boxing was the recipient of the largest funding increase, rising 44.5 per cent from £9.55m to £13.8m.

After capturing nine medals, exceeding their target by three, rowing now receives £32.6m, making it the highest funded Olympic event.

FUNDING CUTS: Team GB basketball

Archery, badminton, judo, swimming and volleyball all received severe cuts to their funding.

“Our announcement today is unprecedented, as we increase investment in British elite sport post our home Games and aim to achieve something no other host nation in recent history has before, in surpassing this year’s incredible performance at both the next summer Olympic and Paralympic Games,” said Chair of UK Sport Baroness Sue Campbell.

”At UK Sport we take our responsibility for the strategic investment of public and National Lottery funds very seriously - the achievements in London simply would not have been possible without this unparalleled support and our ‘no compromise’ approach to investment.”

Campbell continued: “London 2012 was just the beginning, not the end, for Olympic and Paralympic sport in this country, and we plan to continue to make this funding work as hard as it can to help our best athletes achieve medal success at the highest level; to make this nation as proud as they did this summer and to inspire the next generation.”

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