Record investment in lead-up to Rio

18 December 2012 / 16:53

Most of Britain's Olympic and Paralympic sports are celebrating the announcement of funding rises for the next four years.

UK Sport announced a record pot of £347m to be distributed in the run-up to the 2016 Rio de Janeiro Games, with cycling, rowing, boxing, athletics and gymnastics among those given increases.

It is a different story for those sports that did not meet their performance targets in London including swimming, whose funding is cut to £21.4m from £25.1m, volleyball (down to £400,000 from £3.5m), plus basketball, handball, wrestling and table tennis, which miss out on funding altogether.

UK Sport's target is for Britain to be even more successful in Rio than in London, where the teams won 65 medals in the Olympics and 120 in the Paralympics.

Liz Nicholl, Chief Executive of UK Sport, said: "To ensure a high performance legacy from London 2012, whereby we can aspire to replicate the inspirational performances in London in four years' time in Rio, UK Sport's priority for this investment was to get the right resources, to the right athletes, for the right reasons.

"While these decisions have not been easy to make, we are ensuring that every athlete with medal potential for Rio 2016 or 2020 is supported, whether through their sport's World Class Performance Programme or through our new, more flexible, small squad investment option."

The biggest increase of any Olympic sport goes to boxing, a 44% increase, to £13.8m.

Cycling is up to £30.6m from £26.3m, athletics has a £1.7m increase to £26.8m, rowing is up from £27.3m to £32.6m, and gymnastics up from £10.8m to £14.5m.