UK Sport Awards £15.36 (US$19.3) Million to British Olympic Sports Leading to 2020 Tokyo Games
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LONDON, Dec. 9, 2016–United Kingdom Sport award to Olympic sports of dressage, eventing and jumping leading to the Tokyo Games in 2020 was announced by the British Equestrian Federation Friday as £15.36 (US$19.3) million, a cut of 14.1 per cent from the amount provided in the cycle between the London and Rio Olympics.
However, the award of £4.27/US$5.36 million to paralympic sport was an increase of almost 13 per cent from UK Sport that allocates money from the national lottery and taxpayer funds.
Clare Salmon, British federation Chief Executive, said equestrian’s slice of the awards made to 31 sports came after the BEF reviewed its programs with greater competition for funding as well as in sport.
“With news of our award, our attention now turns to consolidating our strategy,” she said. “We also recognize that we have to create a sustainable funding stream to complement UK Sport’s grant and have irresistible opportunities for sponsors to be part of equestrian sport’s ambitions. The world championships in 2018 represents the first milestone as we build towards Tokyo, and the development of a more tailored coaching program, with greater emphasis on sports science, will underpin our preparations and enable us to focus on maintaining our winning edge.”