British Cycling has issued a statement following a 14% cut in its funding ahead of the 2020 Tokyo Olympic Games. The funding, announced by UK Sport, covers the 2017-20 period; and British Cycling will receive £25,980,427 in funding for Tokyo 2020. This compares to £30,267,816 received for Rio 2016.
British Cycling Chief Executive Ian Drake said “We are pleased that UK Sport is backing British Cycling with significant investment for the next Olympic and Paralympic cycle. I’d like to thank UK Sport and the National Lottery for their continued support and we are confident we can deliver on that.
“Topping the cycling medal tables at the 2020 Olympic and Paralympic Games remains our goal and we began implementing our Tokyo plans two years ago.
“The sustainability of the Great Britain Cycling Team and, more widely, British Cycling has long been a key priority for us and we are becoming less reliant on public money thanks to the support of our commercial partners.
“Further to our plans to become more sustainable, British Cycling’s ‘Rider Route’ talent pathways have been realigned to reflect our Tokyo 2020 ambitions and graduates of the pathways have already won medals at elite world level this year.”
