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The Australian Government will boost high performance sport funding with an additional $10 million as part of a targeted drive towards the 2020 Tokyo Olympic and Paralympic Games.

The extra investment will be injected across 18 Olympic and Paralympic sporting disciplines, supporting hundreds of athletes bound for Tokyo 2020.

The new funding follows previous Federal Government allocations towards the 2018 Winter Olympics and Paralympics, as well as the 2018 Gold Coast Commonwealth Games.

Commenting on the funding, Federal Minister for Sport Greg Hunt stated “we’ve announced more than $101 million in direct high performance sport funding for the 2017/18 financial year.

“The $10 million boost announced today will help ensure our Australian sports and athletes have the best support to reach their potential at the Tokyo Olympics and Paralympics.

“It will help some exciting new and returning sports to get a head start on their Olympic preparations, including surfing, skate, triathlon mixed team relay and softball.

“Australian athletes show great promise in these sports, with Aussie women recently claiming all three podium spots on the World Surf League and Australia winning the Mixed Relay Triathlon world championships.

“Support to team sports will be increased, with a focus on women’s teams. Australia’s Olympic gold medal-winning women’s rugby sevens team will share in extra funding, along with women’s football, water polo and softball.

“Australia’s Paralympians will be supported, who as a team have been consistent performers on the international stage, finishing top five on the medal table for seven consecutive Summer Paralympics, since 1992.

“The funding will provide support to some of Australia’s best Paralympic prospects, including wheelchair rugby and para-canoeing as well as integrated and multi-medal programs such as swimming, cycling and rowing.”

Smaller combat sports such as boxing, judo, taekwondo and fencing will also benefit.

The Australian Institute of Sport (AIS) will be responsible for this funding and provide advice to monitor the ongoing distribution of these funds. It will be invested in the areas of coaching, training environments, sport science, and competition.

Minister Hunt also congratuled the winners from AIS Sport Performance Awards last night.” 

Image: Sally Pearson is one of Australia's key medal hopes for the Tokyo 2020 Olympics.

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