Treasury confirms 29% Olympics funding increase secure

Sir Hugh Robertson admits that there is a worry over how they match expectation in 4 years time in Tokyo, but he says the funding is there.

"The National Lottery funding is reasonably secure in any event because that relies on people buying their lottery tickets week in, week out and incidentally, if you haven't done so please do so because this supports our Olympic athletes. The Exchequer, under the previous Chancellor offered us an amazingly good settlement at the last public spending review of a 29% increase in elite athlete funding so the combination of those two things will offer us security through to Tokyo and beyond and enable us to invest in athletes in the way that we've done in the past to deliver success."

When asked if he had to the current Chancellor, Philip Hammond to ask if that promise will be ket, Sir Hugh said, "I haven't, but we had both the sports minister and the secretary of state out in Rio with us and there is absolutely no indication that that agreement is not going to be held to."