British Swimming has secured a £1.5 million funding boost from UK Sport following a record haul of eight medals at the Summer Tokyo Olympics.
It is part of an additional £11.2 million in financing for summer Tokyo Olympics and Paralympic sports to help with preparations for the Paris 2024 Games.
British Swimming CEO Jack Buckner stated that the increase will “let us to provide additional spots to athletes.”
GB swimmers earned four gold medals, three silver medals, and a bronze medal in the Tokyo Olympics.
Meanwhile, the Paralympians of Great Britain won eight gold medals, nine silver medals, and nine bronze medals in the pool.
Buckner continued, saying: “Our sports had a great Olympic and Paralympic summer, complete with a remarkable set of outcomes.
“We are really pleased about the future of British Swimming, and this provides a platform for our athletes, coaches, and staff to continue making significant contributions both in and out of the pool.”
Team GB earned 65 medals in 25 categories in the 2020 event, which was postponed by a year due to the coronavirus epidemic, while ParalympicsGB contributed 124 medals across a record-breaking 18 sports.
“The collective joy of what our exceptional Olympic and Paralympic competitors achieved in Tokyo still shines brightly,” UK Sport CEO Sally Munday said.
“Being able to increase our investment in so many sports in Paris will surely aid us in our mission to reach, inspire, and unify the country.”
Cycling earned 12 Olympic gold and 24 Paralympic medals in Tokyo, and British Cycling has got an additional £1.1 million in funding, but athletics and badminton are the only two sponsored sports that did not receive a boost.
“The success in Tokyo, where we were more competitive across more disciplines, with first medals in mountain biking, BMX freestyle, BMX racing, as well as track and road, meant we were able to engage more people in our sport,” said British Cycling performance director Stephen Park.
“Thanks to the National Lottery and the recent government spending review, we will be able to maintain support for British riders to achieve their best over the Paris cycle, strengthen our plans to nurture the next generation of talented athletes, and continue our track record of inspiring more people to get active by getting on their bikes.”
The chair of UK Sport, Dame Katherine Grainger, added: “We are thankful to the prime minister and the government for continuing to support our sports and athletes.
“Their support of Olympic and Paralympic sport, in collaboration with the National Lottery, is the fuel that allows our amazing athletes to compete and triumph on the international stage.”