UK Sport have announced a new tier of funding to develop the next generation of athletes to participate in the Paris 2024 and Los Angeles 2028 cycles.
The new funding strategy includes a significant change in the way the high performance body will hand out grants, with more Olympic and Paralympic sports to benefit from the funding after Tokyo 2020 in the aim of achieving further medal success.
Following an independent public consultation and a series of evidence sessions with key stakeholders, the new strategy has been formed and set to come into force April 2021.
The approach includes three tiers of funding toward three different stages of the performance pathway:
Podium – Investment to athletes/teams with a realistic chance of an Olympic/Paralympic podium position within four years.
Podium Potential – Investment to athletes/teams with a realistic chance of an Olympic/Paralympic podium position within four-eight years.
Progression – Investment to enable sports/athletes in the early stages of development to take the first step on the performance pathway.
Minister for sport Mims Davies commented: "This new strategy will further support our phenomenal athletes to deliver world-class performances, while using their success to inspire more people and communities across the country.”