UK Sport Investment Figures

 

EIS - 10.12.09

UK Sport, the nation’s high-performance sports agency, has today announced revised investment figures for all funded sports following an annual review process, including vital new investment for the Team 2012 initiative and adjustments to previously-made awards.

The review, which builds on the record £304 million of National Lottery and Exchequer money invested in December 2008, has initially made £6.5 million of new funds available from the successful Team 2012 sponsorship scheme, which announced Visa as its Presenting Partner in September. Whilst in addition, UK Sport has reacted to changed economic conditions by adjusting the inflation level in all previously-made awards to 1.5%, making a further £6.5 million available.

This has enabled UK Sport to support women’s boxing following the recent IOC announcement of its inclusion in the Olympics, allow for the recent inclusion of Intellectual Disability competition into the Paralympics and also offer increased funding to sports which had previously only received ‘basic’ level support.

The result is that, at a time when many competitor nations are struggling to secure resources, Britain’s Olympic and Paralympic sports are now well placed to maximise their potential for success at 2012.

The English Institute of Sport (EIS), a grant funded organisation through UK Sport, works closely with each National Governing Body (NGB) of sport to determine the specific sport science and medicine  requirements necessary to make a performance impact at an international level in their sport.

Today’s announcement has been welcomed by National Director Conor O’Shea, who said: “The announcement made today by UK Sport is great news for the sports we support as we made a commitment to them earlier this year that in calculating our future charges to sports, we would follow the rate of inflation applied by UK Sport. This means that we will likewise reduce the rate of inflation in our costing schedules effective from April 2010."

"Also, the increased investments made into some sports means that we now have the opportunity to engage with sports that have previously not had the certainty they needed to put a sport science and medicine strategy in place.”

UK Sport has also published the results of its latest Mission 2012 review of sports’ performance, which contributed to the decisions made on investment. This showed how British sport had a very successful year of competition, with 43 medals being won in Olympic disciplines at World or European Championships and an incredible 149 medals being won by our Paralympians, demonstrating that sports have continued the momentum from Beijing.
 
UK Sport is targeting a top four finish in the Olympic medal table at London 2012 and a second place finish in the Paralympic table.

To view the full UK Sport Press Release click here