Skip to main content

Olympic Games 2012: Finance

Volume 481: debated on Monday 27 October 2008

To ask the Minister for the Olympics with reference to the answer of 26 March 2007, Official Report, column 1250W, on the Olympic Games, whether the £290 million, referred to in the answer as the investment in elite and community sport within the non-Olympic Delivery Authority provision public sector funding package for the Games' is in addition to the funding announced by the Chancellor of the Exchequer's elite athlete funding package of March 2006; and if she will make a statement. (229337)

[holding answer 23 October 2008]: Yes. The £290 million I announced in 2003 is separate from the funding announced by the Chancellor in March 2006. The £290 million is the Home Country Sports Councils’ contribution to elite and community sport as part of the overall Olympic budget. It is for each of these Sports Councils to determine how their contribution will be spent. The Chancellor's package confirmed £200 million of additional exchequer funding for UK Sport to be distributed to our Olympic and Paralympic sports and athletes up to London 2012, supported by £300 million of lottery investment and £100 million from the private sector.