Sport England has 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.
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.
Find out more about our investment including sport-by-sport details.
