[Shaun]

a 43% increase on Paralympic spending, and 5% on overall spending. There's a live press release atm here: http://www.bbc.co.uk/sport/0/olympics/20771943

[Shaun]

Aiming for a target of 66 Olympic medals and 121 Paralympic ones... which is more than we received as hosts seems like an odd ambition, but meh, public funding on the increase is generally a good thing.

[Shaun]

No funding whatsoever for basketball or handball though :/

[Black Dagger]

I think 40 would be a more realistic target tbf.

We don't have crowd support that played a massive part and a couple of our gold medalist hopefuls are retiring/won't be competiting.

[Petershaw1984]

Good. Id rather tax payers money go on things like this rather than keep racist hate clerics in the country

[Shaun]

~~~

Britain's boxers are among the biggest winners in UK Sport's Olympic 2016 funding programme, but swimming has had a £4m cut to their budget.

Boxing saw an increase of 44.5% but handball, basketball, table tennis and wrestling have lost all their support.

Rio 2016 Olympic funding
Archery £4.4m - £3.1m -19.7%
Athletics £25.15m - £26.8m +6.6%
Badminton £7.43m - £5.9m -20.6%
Basketball zero
Boxing £9.55m - £13.8m +44.5%
Canoeing £16.18m - £19.1m +18%
Cycling £26m - £30.6m +17.5%
Diving £6.5m - £7.5m +14.75%
Equestrian £13.39m - £17.9m +33.6%
Fencing £2.5m - £3.1m +22.56%
Gymnastics £10.77m - £14.5m +34.6%
Handball zero
Hockey £15m - £15.5m - +3.2%
Judo £7.49m - £6.8m -9.3%
Mod Pent £6.29m - £6.9m - +9.7%
Rowing £27.29m - £32.6m +19.5%
Sailing £22.94m - £24.5m +6.8%
Shooting £2.46m - £3m +21.9%
Swimming £25.14m - £21.4m -14.9%
Sync Swim - £3.39m - £4.3m +26.5%
Table Tennis zero
Taekwondo £4.83m - £6.9m - +42.75%
Triathlon - £5.29m - 5.5m - +3.9%
Volleyball £3.53m - £0.4m -88.7%
Water Polo £2.93m - £4.5m +53.6%
Weighlifting £1.36m - £1.8m - +32.3%
Wrestling zero

Overall, 18 sports have seen their money go up, five have had their budget cut by UK Sport.

A record £347m will be made available for the four-year cycle to Rio, an 11% increase on the London 2012 funding.

The Paralympic portion of the overall funds has risen by 4% with swimming, athletics and cycling all being rewarded for their success with big rises but archery and powerlifting have been cut.

The investment will be used to support Britain's elite Olympic and Paralympic athletes and comes after Sport England revealed an increase to grassroots sports funding on Monday.

UK Sport said that the distribution of money was based on whether sports met their medal target in London.

Britain's boxers won five medals from a 10-person team in London to meet their target, with Nicola Adams, Luke Campbell and Anthony Joshua all winning gold, and their funding rises from £9.5m to £13.8m.

Contrastingly, swimming missed their target of five to seven medals, winning just three, and have seen their funding reduced to £21.4m - a cut of 14.9%.

Archery, badminton and volleyball have also had their funding cut, after missing their targets, along with judo - despite the latter beating their medal target.

Another large winner was water polo - despite not winning any medals at London 2012. Funding is up from £2.93m for the men's and women's team to £4.5m solely for the women's.

Volleyball's budget has dropped from £3.5m to £400,000 with only women's beach volleyball benefitting.

Rowing retains its place as the best funded British sport, rising over £5m to £32.6m - an increase of 19.47%.

Britain's rowers won nine medals at Dorney Lake to exceed their target by three.

Athletics see their funding rise by £1.6m after winning six medals in London, while cycling has seen an increase of £4.6m after bringing back 12 medals.

Britain's sailors, who won five medals after being set a target of three to five, have been boosted by an extra £1.5m.

Equestrian, which who won five medals including three golds, has received a £4.5m boost.

UK Sport's target is for Britain to win more medals in Rio than in London, where the teams won 65 medals at the Olympics and 120 in the Paralympics.

UK Sport chief executive Liz Nicholl said: "We want to be the first nation in recent history to be more successful in the Olympics and Paralympics post-hosting.

"Today will be good news for some and it will be painful for others who haven't met the criteria.

Top five best funded Olympic sports
Rowing - £32.6m
Cycling - £30.6m
Athletics - £26.8m
Sailing - £24.5m
Swimming - £21.4m

"They are very disappointed but I think some of these sports have to improve their base, their competition structure, and drive up competition before they can really compete for medals at a world level.

"We have been guided by our no-compromise approach.

"I hope the sports that have been hit today will go to sports like hockey and gymnastics and talk to them about how they have got back to where they are today.

"Hockey had their funding cut (in the past), they went bust, they were in dire straits and they have done amazingly well to recover."

[Black Dagger]

Don't get why Judo has lost some funding despite it beating it's medal target, not fair on Gemma and Karina that.

[Jack_]

Originally Posted by Turboman

No funding whatsoever for basketball or handball though :/

I wondered why they'd been left blank on the BBC News website but what?! So we're not even going to have a team entered for those sports?

Handball needed more funding...I quite enjoyed it.

[Shaun]

no idea tbh, but the lack of funding whatsoever would suggest we're not entering anyone... unless an amateur feels like stepping up same applies for table tennis and wrestling

[King Gizzard]

Handball is considerably easier to get better at so that should have at least had some money, Basketball there's no real point though behind USA Canada Spain Russia Israel

[Novo]

Handball is pretty big in countries like Sweden and Denmark and i doubt we'd get anywhere near as good as them anytime soon we were getting Embarrassed this year in just about every single match although maybe a small amount should have been put into it but at least it's had some sort of promotion in this country due to the Olympics, It's good to see Boxing getting such a big rise i think along with the obvious sports like Cycling and Rowing and Athletics that was the stand out sport for Britain at the Olympics

[Novo]

Originally Posted by Turboman

Aiming for a target of 66 Olympic medals and 121 Paralympic ones... which is more than we received as hosts seems like an odd ambition, but meh, public funding on the increase is generally a good thing.

Jesus christ that is pretty high but i think we can get close and maybe even achieve it if there is a massive improvement in Swimming in the next few years, can't see it happening, Miley, Jemma Lowe, Halsall or Jamieson aren't good enough to challenge for Gold and other countries are getting better and better, some Polish guy even beat Lochte the other day, and Sailing we can improve on even without Ainslie at Rio we can't do any worse then we did this year, everyone apart from him were a complete failure