Sports governing bodies to receive €925k in additional funding for Rio 2016 preparations
Published 18/12/2015 | 13:08
Minister of State for Tourism and Sport Michael Ring has announced a boost in funding of €925,000 to aid athletes with their preparation for next summer's Olympic Games in Rio de Janeiro.
Minister Ring said: "The Government is providing increased funding of €3m to Sport Ireland for 2016. I am pleased to say that within this, an amount of €925,000 is being invested specifically to assist sporting bodies in their preparations for the Rio Games.
"Through this investment, Sport Ireland will support specific plans by NGBs for the Rio Games. I am delighted to make this additional investment available in 2016, on top of a special €1m allocation that was provided last year to assist NGBs in their Rio preparations.
"2016 is a very important year for Irish athletes and high performance NGBs and I wish them all well as their preparations intensify in the run-up to the 2016 Olympic and Paralympic Games."
The Government announced an increase of €3m in funding for Sport Ireland next year in the recent budget. €925,000 of this additional funding is being directed specifically for Rio preparations.
The Minister also said that he had discussions with Sport Ireland this week on their budgetary preparations for next year and he is happy to announce that funding for NGBs will be maintained in 2016.