I was fortunate enough to be able to attend the Team GB Homecoming event on Sunday evening to welcome back all our Olympic Athletes. Following the event, the Prime Minister announced the fantastic news that the Government will provide £232 million to support Team GB and ParalympicsGB athletes in preparing for the Paris 2024 Olympic and Paralympic Games.
As this Government has consistently shown, including through these challenging times, we’re right behind Team GB and ParalympicsGB. Our amazing elite athletes are one of our nation’s greatest success stories, making us an Olympic and Paralympic powerhouse. I’m sure they have inspired many to take up sport for the first time, while making the country proud and promoting the best of Britain abroad. So it is absolutely right that we can now deliver this certainty for them for preparations for Paris 2024.
The £232 million will be used to back aspiring Team GB and ParalympicsGB athletes as well as their coaches and support staff, in addition to funding from the National Lottery. This £77.4 million a year to elite sport agency UK Sport is an increase from the £54 million a year baseline government funding UK Sport received for Tokyo 2020 - a rise of 44 per cent.
