201 lines
4.6 KiB
Plaintext
Executable File
201 lines
4.6 KiB
Plaintext
Executable File
sport
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othersports
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olympics
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london2012
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3542434
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-----
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# UK Sport dealt £50m London 2012 Olympic Games funding blow from Treasury
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## British athletes will face a £50 million funding shortfall in the build up
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to the London 2012 Olympics after the government announced its final
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settlement for UK Sport.
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![Christine Ohuruogu][1]
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Falling short: Christine Ohuruogu and athletics could suffer if funding
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becomes based on medal winning potential Photo: GETTY IMAGES
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By Paul Kelso, Chief Sports Reporter 3:13PM GMT 02 Dec 2008
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[Comments][2]
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As Telegraph Sport revealed this morning, the Treasury has agreed to provide a
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further £29m in exchequer funding to UK Sport following concerted lobbying
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from sport, a settlement that is better than expected but still £50m short of
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the full funding package promised by Gordon Brown in 2006.
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Culture secretary Andy Burnham informed the UK Sport board of the funding
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decision at their meeting this morning after negotiations with the Treasury
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concluded on Monday evening.
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The additional money means that all Olympic sports will stay within the
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funding program, although there will be cuts to those that are seen as having
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little or no medal potential.
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The funding package mean that British athletes will receive £40m more than in
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the preparations to the Beijing Games, though it still falls short of
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expectations set by Brown.
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In his penultimate budget as Chancellor, Brown pledged an additional £300m in
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funding with £200m from the exchequer and a further £100m to be raised from
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the private sector.
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## Related Articles
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* [Cuts could hit 2012 medal haul][3]
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30 Nov 2008
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That plan has proved deeply flawed however, with the only dent in the £100m
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gap, until today, coming from a forecast increase in Lottery sales worth £21m.
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The announcement of a £29m bail-out is tacit acknowledgement of the flaws of
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the sponsorship program, called 'Medal Hopes' but the government is likely to
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press ahead with the scheme in the hope that it will top up the funding
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program.-
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[X][4] Share & bookmark
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Delicious Facebook Google Messenger Reddit Twitter
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Digg Fark LinkedIn Google Buzz StumbleUpon Y! Buzz
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[What are these?][5]
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* Share: [Share][4] [ ][6] [ ][7]
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[Tweet][8]
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http://www.telegraph.co.uk/sport/othersports/olympics/london2012/3542434/UK-
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Sport-dealt-50m-London-2012-Olympic-Games-funding-blow-from-Treasury.html
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Telegraph
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## [London 2012][9]
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* ### [Sport »][10]
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* ### [Other Sports »][11]
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* ### [Olympics »][12]
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* ### [Paul Kelso »][13]
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IN SPORT
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[![Sir Steve Redgrave][14]][15]
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### [Olympics email: sign up][15]
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[![Olympic Stadium - London 2012 Olympics competition schedule][16]][17]
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### [London 2012 interactive schedule][17]
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[![Sir Chris Hoy - London 2012 Olympics tickets guide][18]][19]
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### [London 2012 tickets Q&A][19]
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External Links
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* ### [Department for Culture, Media and Sport][20]
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* ### [UK Athletics][21]
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[X][4] Share & bookmark
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Delicious Facebook Google Messenger Reddit Twitter
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Digg Fark LinkedIn Google Buzz StumbleUpon Y! Buzz
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[What are these?][5]
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Share:
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* [ ][4]
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* [ ][6]
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* [ ][7]
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* [Tweet][8]
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* OLYMPIC IMAGES
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Latest images from the Olympics and the London 2012 Games.
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Advertisement
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![][22]
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telegraphuk
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Please enable JavaScript to view the [comments powered by Disqus.][23] [blog
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comments powered by Disqus][24]
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[![London 2012 Olympics][25]][12]
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Advertisement
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sponsored features
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Loading
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Olympic features
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[![London 2012 Olympics: 20 questions with Nicole Cooke][26]][27]
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### [20 Questions][27]
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Team GB road cyclist **Nicole Cooke **talks to Telegraph Sport
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### [Olympics countdown][28]
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[![][29]][28]
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**426 days to go**
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> Theodosius II ordered the destruction of all Greek temples in AD 426. <p>
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### [Send us your view on the Olympics][30]
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[LONDON 2012 Sport Guides »][31]
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### [Olympics sport-by-sport guide][12]
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* [Archery][32] | [Athletics][33] | [Badminton][34]
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* [Basketball][35] | [Boxing][36] | [Canoe Sprint][37]
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* [Canoe Slalom][38] | [BMX Cycling][39] | [Mountain Bike][40]
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* [Road Cycling][41] | [Track Cycling][42] | [Diving][43]
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* [Equestrianism][44] | [Fencing][45] | [Football][46]
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* [Rhythmic Gymnastics][47] | [Artistic][48] | [Trampoline][49]
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* [Handball][50] | [Hockey][51] | [Judo][52]
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* [Modern Pentathlon][53] | [Rowing][54] | [Sailing][55] | [Shooting][56]
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* [Synchronised Swimming][57] | [Swimming][58]
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* [Table Tennis][59] | [Taekwondo][60] | [Tennis][61]
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* [Triathlon][62] | [Indoor Volleyball][63] | [Beach Volleyball][64]
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* [Water Polo][65] | [Weightlifting][66] | [Wrestling][67]
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Classified Advertising
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* [Culture][68]
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* [Cars][69]
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* [Shopping][70]
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var puffs_8120678 = new Array();
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