Los Angeles (LA) 2028 to gain record 330 million pounds ($418 million) investment from the UK Sport, the government agency responsible for investing money sourced from the National Lottery and the government, into Olympic and Paralympic sport, to benefit more than 50 disciplines.
The Olympic budget for athletics was cut by 20.5 million pounds for Los Angeles from 22.2 million pounds while for canoeing it was cut by over 500,000 pounds from the Paris figure to 12.5 million pounds for 2028.
The total investment will be funded into Olympic and Paralympic programmes, development sport, the newly included Olympic and Paralympic sports, and 3 x 3 Basketball pilot in partnership with Sport England.
“Following the spectacular performances of Team GB and ParalympicsGB in Paris this summer, it’s so important for us to be able to keep the momentum going as we head into the LA cycle. This is our greatest investment to date, with more sports set to embark on an Olympic and Paralympic campaign with us than ever before,” Dr Kate Baker, Director of Performance and People, UK Sport, said.
Sally Munday, CEO of UK Sport, said, “It’s thanks to the unwavering support of the UK Government and our wonderful National Lottery players that we are able to announce this historic investment today, towards continuing to create the greatest decade of extraordinary sporting moments.
“The past few years have been tough for our sports with the delayed Tokyo Games and shortened Paris cycle, and we know finances remain under extreme pressure. We have looked to relieve some of this pressure through our investment today, however we know we must continue to innovate and collaborate, together, to grow a thriving sporting system that’s fit for the future.
“Huge credit to the leaders in our sports for all the hard work they’ve done, with us, over the past 18 months to put us in this brilliant position to be able to say we are ready to win well in the LA cycle and beyond.”
Great Britain finished at the seventh spot in the Paris Olympics with 65 medals and 124 medals at the Paralympics.