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Olympic Games 2012: Finance

Volume 483: debated on Tuesday 18 November 2008

To ask the Minister for the Olympics what outstanding requests from the Olympics Delivery Authority for resources from contingency funding are under consideration; and if she will make a statement. (229333)

[holding answer 23 October 2008]: The next London 2012 Olympic and Paralympic Games Annual Report will be produced in January and will include fully updated financial information, including the outcomes of agreed contingency requests. Thereafter, we will publish a quarterly financial update which will include any changes to published budgets.

To ask the Minister for the Olympics pursuant to the answer of 27 October 2008, Official Report, column 690W, on Olympic Games: finance, how much is to be given to each Home Country Sports Council; and to what types of projects the money will be allocated. (232277)

[holding answer 3 November 2008]: I have been asked to reply.

The Home Country Sports Councils’ contribution of £290 million to elite and community sport as part of the overall Olympic budget is from their existing national lottery resources.

It is for the Home Country Sports Councils to determine how this money is spent on support for elite athletes and coaches, facilities for elite and community use, and community sport programmes. Sport England, for example, have provided funding for the Lee Valley Athletics Centre, which is used by the local community and elite athletes, contributing to our world class performance goals as well as to the legacy goal of getting 2 million people more active by 2012, including 1 million through sport.