Money which has been set aside to promote sport after the 2012 London Games, is being given to Radway Riding School in Warwickshire.
Around £13,000 is being used by the school to offer fifty additional riding sessions a week.
Henry Boswell, a dressage rider who is hoping to compete in Rio 2016, wants to see more children benefit from horse riding.
Double Olympic gold medallist Dame Kelly Holmes will be talking to sports students at the University of Warwick later.
She'll be telling them how to cope with injury and to focus on success.
Kelly won double gold medals at the 2004 Athens Olympic Games.
Warwick Castle's bird handler Chris O'Donnell has said the search for the missing eagle Stan is ongoing following reports it had been called off.
Stan the white tipped sea eagle flew away from Warwick Castle four months ago during a show.
Many sightings lead Chris and his team to the bird of prey since he disappeared but have been unable to catch him.
The White Tailed Sea Eagle which has a wing span of 6 and a half feet, has been at the tourist attraction since 2004, he has flown away before but only for 2 or 3 hours.
The last person to see Stan was his handler Chris, one month ago in Daventry.
Chris said "we haven't had any sightings for four weeks so we don't know where to look, as soon as we have a report of a sighting we will follow it up. If Stan was safe in the wild we would be happy to leave him but there are hazards, like if he is scavenging for food by a road for example."
There are reports the search for Warwick Castle's missing sea eagle have been called off, 4 months after he flew away during a falconry display.
Stan the eagle has a 6.5 foot wingspan and handlers at the castle were initially tracking the bird to try and get him back.
But it's being reported that attempts to try and find him have failed, and he is being left to live in the wild.
Bird handlers at the castle initially thought Stan would not survive in the wild as he was bred in captivity and would not be able to hunt for himself.
But it seems the eagle's natural instincts have kicked in, and he is fending for himself somewhere in the Warwickshire countryside or beyond.
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Some viewers believe they have seen Stan, the eagle missing from Warwick Castle since Thursday lunchtime.
The White Tailed Sea Eagle has a wing span of 6 and a half feet and has been at the tourist attraction since 2004.
If anyone does see the bird, they should contact the handlers on 01926 495421.
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