The Australian Institute of Sport has committed $257 million in funding for Olympic and Paralympic sports ahead of Paris 2024.
Canoeing, Women’s Rugby 7s, Rowing and Surfing, are among numerous sports that will receive huge funding increases in a bid to create sustainable Olympic success.
It is the first time that the AIS has allocated funds for a full Olympic cycle, as it aims to build on Australia’s medal haul in Tokyo and eclipse it at the Brisbane 2032 Games.
AIS CEO Peter Conde says the long-term funding model will give Australian athletes the best chance of success on the world stage.
“The Tokyo Olympic Games and Paralympic Games inspired us all and we have worked with Government to secure longer-term funding to forward plan and continue building on that success. This is why we are now launching an even stronger platform for Paris,” Mr Conde says.
“This overall commitment to high performance sport furthers the aim of the National High Performance Sport Strategy to create conditions for sustainable success not only for Paris, but Los Angeles 2028 and our home Games in Brisbane in 2032,” he says.
AIS CEO Peter Conde. Photo: AIS Twitter Page
This announcement follows the organisation’s commitment to deliver $14.6 million in direct athlete grants and $82.2 million allocated for wellbeing and high performance programs in the 2021 Federal Budget.
Sports that will receive the biggest boosts include:
- Women’s Rugby 7s will receive a 39% increase for a total of $2.5m p.a.
- Para and Able Canoe funding will rise to a combined $7.15m p.a.
- Para and Able Rowing will receive $10.055m p.a.
- Surfing funding to increase by 30% to $2m p.a.
- Skating to receive $0.85m p.a.
- Para-Table Tennis funding to increase by 74% to $0.9m p.a.
Australia’s Women’s Rugby 7s team were among the big winners in the AIS’ latest funding announcement. Photo: Greg Baker via Getty Images.
Australian Sports Commission Chair Josephine Sukkar described the news as “an exciting time for Australian Sport.”
“Paris is now only two and half years away, and our commitment to longer term success, the green and gold runway to Brisbane 2032, is also front of mind,” she says.
“I would like to thank the Australian Government for sharing the vision of the AIS and recognising the value of allocating funding for a full Games cycle. It is a huge show of support for the Australian high performance system, the sports and our athletes.”