In a ruthless cull of the non-medal winning Olympic sports, UK Sport cut all funding to basketball, handball, table tennis and wrestling. Sailing was one of the favoured sports receiving a small increase, from £22,942,700 to £24,500,000 for the next four year period to the Rio Olympics. Paralympic sailing received £2,800,000 up from £1,748,000.
Sailing's Rio funding boost was 'broadly welcomed' by RYA performance director John Derbyshire. "Especially pleasing is the substantial increase in funding to our Paralympic programme for this cycle."
Boxing was the biggest winner with an increase of 44%. Overall, 18 sports have seen their money go up, five have had their budget cut by UK Sport. Reflecting their medal performance, Rowing recieve a 5 million boost with £32,600,000 (up from £27,287,000) and Cycling £30,600,000 (up from £26,032,000). Swimming has had a £4m cut to their budget.
UK Sport chief executive Liz Nicholl: "We are going to be investing a record level for funding over the next four years. In this cycle we will invest £347m in Olympic and Paralympic success in 2016. That is an 11% increase in funding."
UK Sport confirmed 42 Olympic and Paralympic sports with credible medal potential in 2016 or 2020 will receive funding for the Rio cycle. Basketball, wrestling, handball, table tennis, wheelchair fencing and sitting volleyball lose funding.
Investment in Paralympic sport rises dramatically, up 43% on London 2012. Hugh Robertson, Minister for Sport: "The significant increase for Paralympic sports reflects on the extraordinary success and achievements of our Paralympic athletes this summer."
18 December 2012 14:56 GMT