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    1. Home
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    3. >Sport-UK govt to invest £232m to support 2024 Olympic, Paralympic athletes
    Investing

    Sport-UK Govt to Invest £232m to Support 2024 Olympic, Paralympic Athletes

    Published by maria gbaf

    Posted on August 17, 2021

    1 min read

    Last updated: February 16, 2026

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    This image captures Prime Minister Boris Johnson discussing the UK government's £232 million investment to support Olympic and Paralympic athletes for the Paris 2024 Games. It emphasizes the increased funding and support for Team GB athletes, aligning with the article's focus on investment in sports and national pride.
    Prime Minister Boris Johnson announces £232m funding for Olympic athletes - Global Banking & Finance Review
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    Tags:Government funding

    UK Government Allocates £232 Million to Boost 2024 Olympic Athletes

    (Reuters) – The British government will provide 232 million pounds ($320 million) in addition to National Lottery funding to support Olympic and Paralympic athletes for the Paris Games in 2024, Prime Minister Boris Johnson said.

    The investment, which represents a 44% rise on the funding received by UK Sport in the run-up to the Tokyo Games, will be used to back aspiring athletes as well as their coaches and support staff.

    The Department for Culture, Media and Sport (DCMS) investment will also support athletes and coaches targeting success at the Winter Olympic and Paralympic Games.

    Earlier this month, Team GB won 65 medals across 25 disciplines in Tokyo and finished fourth in the overall medals table. The Paralympic Games are set to begin on Aug. 24.

    “Team GB showed us the very best of this country in Tokyo – demonstrating sportsmanship, hard work and record-breaking performances,” Johnson said in a statement https://www.gov.uk/government/news/prime-minister-announced-232-million-investment-to-support-gb-and-northern-ireland-athletes-path-to-paris-2024-olympic-and-paralympic-games.

    “This increased funding will support Team GB to deliver their best possible performances in three years’ time in Paris.”

    ($1 = 0.7219 pounds)

    (Reporting by Hritika Sharma in Bengaluru; Editing by Hugh Lawson)

    Frequently Asked Questions about Sport-UK govt to invest £232m to support 2024 Olympic, Paralympic athletes

    1How much is the UK government investing in Olympic athletes?

    The UK government is investing £232 million ($320 million) to support Olympic and Paralympic athletes for the Paris Games in 2024.

    2What percentage increase does this funding represent?

    This investment represents a 44% rise on the funding received by UK Sport in the run-up to the Tokyo Games.

    3What will the funding be used for?

    The funding will be used to support aspiring athletes, their coaches, and support staff, as well as targeting success at the Winter Olympic and Paralympic Games.

    4What did Team GB achieve at the Tokyo Games?

    Team GB won 65 medals across 25 disciplines in Tokyo and finished fourth in the overall medals table.

    5When do the Paralympic Games begin?

    The Paralympic Games are set to begin on August 24.

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