Sport England today announced a £493
million four-year investment to keep the inspiration of London 2012
alive.
Sport England today (17 December) announced a
£493 million four-year investment to keep the inspiration of London
2012 alive and help fulfil Lord Coe’s pledge that the Games would
get more people – young and old, women and men – playing sport, a
feat that no other host nation has ever managed to
achieve.
All Olympic and Paralympic sports are among
the 46 sports who will benefit from the investment and 31 sports
will be receiving their largest ever investment in grassroots
sports including cycling, netball, wheelchair basketball and
triathlon all receiving increases of over 30% reflecting their
strong plans and excellent progress on grassroots sport.
Recognising that more needs to be done to make
sport a practical lifestyle choice for disabled people, 40 sports
have now developed detailed plans to tackle this challenge.
At least 60% of the investment announced today
will support young people aged between 14 and 25 and more than £83
million will be used to support the development of talented young
athletes in 43 sports, ensuring those with podium dreams receive
the best possible coaching and support in high-quality
facilities.
Getting the most from our investment
The announcement followed a robust and
challenging process to assess the quality of the plans of the
sports and their ability to deliver for community sport and talent
development.
Each sport will be subject to tough
performance management through a ‘payment for results’ approach
that will see Sport England rewarding success and penalising
failure.
£40 million of the total funding package has
been set aside in a Reward and Incentive Fund, enabling Sport
England to move swiftly to help high-performing sports achieve even
more. And any governing body that fails to achieve its annual
targets for increasing participation faces losing 20% of its
remaining investment, with the money immediately available to bids
from the open market.
Sport England’s Chief Executive, Jennie Price,
said “This investment represents Years 5 to 8 of our long term plan
to get more people playing sport. We've learned a lot over the last
four years and with a record 15.5 million people already playing
sport once a week, we are on track to deliver. We have worked very
hard, with the governing bodies of sport, to make these decisions,
and I believe they are right.”
Find out more about our investment
including sport-by-sport details.