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BC Braced For Decision On £5m Funding Bid
CYCLING WEEKLY
|February 1,2018
British Cycling is set to find out today if it will receive a boost to its funding of up to £5m from UK Sport.
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In December last year the governing body made an application for the additional cash to support riders to target the Madison and BMX freestyle park, two of the new medals on offer at the Tokyo 2020 Olympics.
The additional cash could make up the shortfall in the organisation’s funding in this Olympic cycle compared with the four years leading up to Rio. It currently receives £25.9m from UK Sport whereas it received £30.2m in the four years to the 2016 Olympics.
Speaking to Cycling Weekly at the National Track Championships over the weekend, Stephen Park, performance director at British Cycling, said he was expecting a decision to be made on the application for “about £5m” on Thursday.
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