Ten Olympic sports will share in $2.5 million in targeted funding support under the Government’s Green and Gold Project to boost their prospects of success at the 2012 London Olympic Games.Minister for Sport Mark Arbib today outlined the breakdown of funding, announced on Friday.“The Gillard Government’s goal is to increase our chances of medals at the London 2012 Games and ensure Australian athletes remain the envy of the world,” Senator Arbib said.
“The Green and Gold Project is designed to give our athletes the best possible training and preparation – the best coaching, sport science and resources and facilities.
“We are investing in the nation’s top performers to turn potential fourth, fifth and sixth places into medals and bronze and silver medals into gold.
Swimming is the largest beneficiary receiving an extra $1 million for athlete and coaching support, along with cycling and rowing which will each receive an additional $300,000 to boost preparations for their top athletes.
“This is targeted additional support for our top sports and athletes who have the highest potential to lead Australia’s march to Olympic success,” Senator Arbib said.
“Where we identify medal winning potential, we are going to back it with this extra support.”
Australian Sports Commission (ASC) Chairman Warwick Smith said the Green and Gold Project had been made possible through savings identified across the ASC.
“The ASC Board approved the reprioritisation of existing funding in the interests of achieving Australian Olympic success,” Mr Smith said.
“The Australian Sports Commission worked closely with the Australian Olympic Committee and leading Olympic sports, as well as the Australian Institute of Sport, in developing the Green and Gold Project and allocating extra funds to sport.”
Many of the sports receiving this timely boost will now engage with the AIS to ensure their athletes and coaches get the cutting edge support they need to ensure podium success in London.Senator Arbib said the Government was committed to enhancing Australia’s medal prospects at
“Last year the Government made a record investment in sports through high performance and participation funding; this year we are renewing that commitment by standing side by side with sports as we prepare ourselves for London.”
On Friday Senator Arbib announced the Australian Institute of Sport would take responsibility for the strategic direction of high performance sport in Australia.
Senator Arbib said that the AIS would work closely with sporting organisations and State and Territory Institutes in the areas of high performance leadership and strategy.
Senator the Hon Mark Arbib
Minister for Sport
courtesy of Australian Olympic Committee