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Team GB totals £13 million

OLYMPIC STADIUM: The iconic symbol of the London 2012 Games

GREAT BRITAIN will have more than 550 athletes, 450 support staff and 300 volunteers participating in next year’s London Olympics. With a team budget of £13m it works out at a cost of £24,000 per athlete and £10,000 per delegation member

British Olympic Association chief executive Andy Hunt said: "Never before have we taken such a large delegation.
We took a total delegation of around 550 to Beijing (in 2008) and look at the performance we achieved. Our mission is more medals from more sports in over a century."

Hunt added that Team GB hopes to finish at least fourth at the London 2012 medals table. Britain brought home 47 medals in 11 sports from Beijing and was fourth in the overall.

“Every Olympics Games, more nations medal. And we know that the winning margins are going to decrease," he added. "It will be even closer in London and we have to recognise that. Maintaining that fourth place medal table aspiration is going to be tough.

“We are investing the same amount of money in London as we were in Beijing. But you will see the scope of services to support the athletes and sports is unprecedented."

The money would be raised through a variety of means, said Hunt. "I am totally confident that we have a plan in place that will deliver the funding required."

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