https://www.pm.gov.au/media/gold-medal-investment-our-elite-athletes
Gold medal investment in our elite athletes
Media release
Friday 28 June 2024
The
Albanese Government has delivered the largest ever investment in
Olympic and Paralympic sports to help our brilliant athletes achieve
glory on world stages.
A record $283 million in new money will
flow to our elite athletes, coaches and support staff over the next two
years in a historic show of support on the path to Brisbane 2032.
This investment represents a 50 per cent increase on the previous Government’s 2021- 2022 high performance funding.
It also represents a doubling of the investment the previous Government made for Paralympic athletes.
This
new funding is in addition to our $102.8 million annual grant funding
and brings the Government’s total high-performance investment to $489m
over two years.
The funding package for Paralympians is the
biggest ever, as the Albanese Government addresses systemic and
structural barriers to performance for para athletes that had been
ignored for too long.
The investment will be a major boost for
Aussie spirits ahead of Paris next month, and will strengthen
Australia’s hopes for gold at LA in 2028, Brisbane in 2032, Winter and
Commonwealth Games events.
The funding will create more
opportunities and better development pathways for high performance
athletes to thrive while inspiring the next generation of Australians to
be more active.
The historic investment includes:
- An
increase of $17.6 million to the Direct Athlete Investment Support
Grants (dAIS) program to address cost of living pressures for athletes.
- A major uplift in direct sport funding.
- Access
to more domestic and international competitions to regularly compete
against the world’s best in preparation for major sporting events.
- Extra training, well-being and preparation support, including access to world-leading coaches and performance support staff.
Investment
in our Paralympic athletes and sports will more than double, with $54.9
million in additional funding - the biggest ever Paralympic spend by an
Australian Government.
The funding increase will deliver better
classification opportunities, access to fit-for-purpose training
environments and specialised coaching and performance support.
Quotes attributable to Prime Minister Anthony Albanese
“We’re
cheering on all our athletes heading to Paris. We are so proud of them
and my Government is backing Aussie athletes with record funding.”
Quotes attributable to Minister for Sport Anika Wells
“This
is the biggest investment any government has made in our Olympic and
Paralympic sports and will help athletes achieve glory on world stages.
“Today’s
commitment brings the Albanese Government’s sport announcements in this
Budget to $753.1m, including the $249.7 million investment to
revitalise the Australian Institute of Sport (AIS) campus in Canberra.
“We
have also committed $200m to the Play Our Way fund, the biggest
infrastructure program ever for women and girls sport, and invested more
than $20m in the Netball World Cup and Women’s Asian Cup.
“We’re
giving our future Olympic and Paralympic teams what they need to succeed
with upgraded training facilities, the best coaching and support staff
and cost-of-living assistance.
“We’ll all be cheering on the Green
and Gold in a few weeks when Paris 24 begins and this funding again
proves the Albanese Government is committed to sport – from playground
to podium.”
Quotes attributable to Australian Olympic Committee President Ian Chesterman
“We
have said many times that a successful home Games needs a successful
home team, so this injection of funds at this time is fundamentally
important to that outcome.
“The additional money direct to the
sports is very good news while the lift in dAIS funding to cover more
athletes is critical to giving them the confidence that they can focus
on putting in the huge amount of work that is necessary to represent
Australia on the international stage.
“It further builds on the
investment in the AIS announced recently by Sports Minister Wells to
again make that facility a hub of sporting excellence.
“The Prime
Minister clearly gets what the Olympic sports do for this country so we
thank him his commitment to helping our sports and our athletes.
“This
funding increase is a very important start to help our athletes be
their best, inspire the generations to come and to build a strong sports
system to support them all.
“The AOC also welcomes the lift in
Paralympic funding which will benefit the sports which run both Olympic
and Paralympic programs.”
Quotes attributable to Paralympics Australia President Alison Creagh
"This new investment from the Federal Government will bring about monumental generational change for Para-sport in Australia.
“Paralympics
Australia commends the Federal Government, in particular the Prime
Minister and Federal Sports Minister, for their visionary leadership and
for recognising the immense impact that this investment can deliver.
"Since
2000, Australia's investment in Para-sport has fallen well behind many
of our rivals, allowing them to catch up. This funding marks a
much-needed reset, positioning Australia to regain its competitive edge
in time for the Paralympic Games in 2028 and our Games at home in 2032.”