Top competitors in Britain will be receiving more money to fuel their Olympic dreams approaching Rio after Chancellor of the Exchequer George Osbor announced a 29 per cent budget increase for UK sport.
Following the major announcement Osbor stated, “We’re going for gold in Rio and Toyo.”
UK sport, which funds elite athletes and receives roughly £45 billion per year from the Department of Culture, Media, and Sport, was expecting potential cuts to the budget rather than the increase according to The Times.
The increase will largely benefit Britain’s elite competitors including those that train in the pool.
Over the last two years swimming has climbed the ladder of British sports in terms of the high level of performance.
At last summer’s World Championships in Kazan, Russia, five British athletes managed to win an individual medal which included both Adam Peaty and James Guy taking home two individual medals each.
Along with the individual performances, Britain took home two relay medals as well; both gold.
British Swimming Chief Executive David Sparkes warmly welcomed the increase in funding,“we agree strongly with the Chancellor that sport provides a massive return on investment to the nation and we are committed to that cause as we near the pinnacle of the Rio 2016 cycle while continuing to work hard towards Tokyo 2020.”
British Swimming is the governing body for swimming, diving, synchronized swimming, water polo, and open water swimming in Britain.
Sparkes hopes that the funding will not only help pool swimmers, but will be beneficial to the synchro athletes as well.
“We hope today’s commitment will assist as we try to secure a return to funding for our synchronized swimming program,” Sparkes said. “Currently we’re working towards an initial bid for funding for Rio 2016 but we have a longer-term aim to see the previously successful synchro program integrated once again into UK Sport’s World Class stable.”
Currently UK Sport provides funding for diving, and swimming, but not synchro.