Prime Minister Theresa May has pledged that the government will honour the financial commitment made by the previous cabinet to fund elite sport ahead of the 2020 Olympics.
Last November, then chancellor George Osborne increased UK Sport’s exchequer funding pot to £148m (US$181.3m, €164.6m) to prepare for the Games in Tokyo in four years’ time.
During a speech delivered to celebrate the achievements of Great Britain’s Olympic team in Rio this summer – where the team broke previous medal haul records with a total of 67 – May confirmed that would remain the case.
To read more on this click here; Theresa May commits to UK Sport funding boost
