More funding for Gymnastics

More funding for Gymnastics   Sourced from British Gymnastics©

UK Sport aims to maximise 2012 medal success  ·    Gymnastics is one of the six Olympic sports receiving more money for final medal push British hopes of medal success at London 2012 have been boosted, with UK Sport making changes to its investments in Summer Olympic and Paralympic sports that maximize the chance for athletes to win more medals across more sports than ever before.  The changes are the last significant opportunity to impact meaningfully on 2012, with little over 18 months before the Games begin. The announcement comes as part of UK Sport’s annual review of all its investments at the mid-cycle point before the Games and represents an overall increase of £2.6 million in spending for summer Olympic and Paralympic sport, with the additional funding found through reprioritization of resources and greater than expected Lottery sales. The review retains the highly successful ‘no compromise’ investment approach that helped produce the incredible performances by Team GB and Paralympics GB in Beijing. A total of six summer Olympic sports will see their funding increased for the final two years of the London funding cycle, a move that UK Sport believes will provide these sports with the opportunity to reach their full potential and maximize the medals won. Hockey, Gymnastics, Boxing, Tae Kwon Do, Rowing and Canoeing have each received an increase in funding for the final two years of the London cycle, ranging between £1.13m and £197,000. It follows another very positive year for Olympic and Paralympic summer sport.  The majority of sports have shown real progress on the journey to the Games, with 40 medals won at World and European level in Olympic disciplines and 84 in Paralympic disciplines, meaning we are further ahead at this stage of the Olympiad than before any previous Games. Baroness Sue Campbell, Chair of UK Sport, said: “2010 has been an incredibly positive year for many of our Summer Olympic & Paralympic sports and our announcement today reflects that sense of momentum to 2012. “Our decisions are made on the back of hugely detailed analysis and review of all our investments which, combined with active management of our total budget, means we are in position to allocate more funding than ever before towards athlete success. We can do this also thanks to certainty we now have from Government following the spending review, which represented a very positive settlement in difficult times, and the continued vital support of the National Lottery and Team 2012 presented by Visa. “Sports now know what they have for the final push – this review represents the last significant opportunity for changes to investment before 2012.  We believe we have got it right for hitting our targets in two years time – not just in finishing in the top 4 in the Olympics and 2nd in the Paralympics but, crucially for a home Games, winning more medals across more sports than ever before. Minister for Sport, Hugh Robertson MP, added:  “This demonstrates our commitment to support our top athletes across a range of sports to make sure they can reach their potential. With a little over 18 months before London 2012, the Government’s reform of the National Lottery has delivered for sport, providing additional funding for athletes in six summer Olympic sports as well as increasing investment to winter sports to help athletes follow in Amy Williams footsteps in Sochi 2014.” Jane Allen, Chief Executive of British Gymnastics, said: “British Gymnastics is delighted with the news today that UK Sport has increased their investment in our World Class Programme. We believe that this is a direct result of the outstanding achievements our World Class Programme has accomplished to date and we are grateful for the increased funding, as this will, not only, strengthen the athlete support for 2012, but will also provide a stronger legacy in the World Class Programme going forward to 2016.”