Prime Minister guarantees Olympic funding

Funding for Olympic sports has been guaranteed until the 2016 Games in Rio de Janeiro, David Cameron has announced.

UK Sport will receive £125 million annually for the next four years to maintain funding at same level as the run-up to London.

The move is "to reward the success of the UK's outstanding elite sport system" following the British team's record-breaking medal success at the London Olympics.

David Cameron cheers on Team GB.
David Cameron cheers on Team GB. Credit: John Stillwell/PA Wire/Press Association Images

The Prime Minister said: "The motto of these Games has been 'inspire a generation'. Nothing has been more inspirational than seeing our elite athletes win gold this summer.

"There's a direct link between elite success and participation in sport. I want one of the legacies of these Games to be our athletes triumphing in Rio in 2016, and in future Olympic Games. Guaranteeing this funding will help ensure that happens."

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Cash promise for Rio athletes

British athletes will be supported by National Lottery and government cash in the run up to the Rio 2016 Games. UK Sport will receive around £125 million a year over the next four years to try and emulate, or even better, the 2012 medal haul.