UK Sport has awarded British Cycling £37m for elite cycling through to Rio 2016. This is in addition to the £32m for grassroots and talent spotting announced yesterday.
British Cycling’s CEO Ian Drake said:
“At British Cycling, we take seriously the responsibility to deliver good value which comes with lottery funding. We believe that winning medals is not an end in itself but a means to growing the sport as whole.
“Today’s announcement from UK Sport is recognition of the success of our riders, our coaches and the work we put into identifying new talent.
“It is also a challenge for us to do better over the next four years – particularly in para-cycling where we have received substantially increased funding.
“In 2012 we have seen unprecedented results for British cyclists but there is still work to be done to improve the sport in this country.”
At the London Olympics British Cycling athletes won eight gold, two silver, two bronze medals. At the Paralympics British Cycling athletes won eight gold, nine silver, five bronze medals.
First British winner of the Tour de France. Bradley Wiggins was named Sports Personality of the Year 2012 on Sunday.