In its bid to support the Olympic and Paralympic athletes for the Paris Games in 2024, the British government will provide $320 million support in addition to National Lottery funding, Prime Minister Boris Johnson has announced.
The investment, which witnessed a 44 per cent rise on the funding received by UK Sport in the run-up to the Tokyo Games, will be used to support and held promising athletes besides their coaches and support staff.
In the recently concluded Tokyo Olympics, Team GB had won 65 medals across 25 disciplines, finishing fourth in the overall medals table.
The Paralympic Games are set to begin on August 24.
“Team GB showed us the very best of this country in Tokyo – demonstrating sportsmanship, hard work and record-breaking performances,” Johnson said in a statement.
“This increased funding will support Team GB to deliver their best possible performances in three years’ time in Paris,” he added.