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NEWS
UK Sport doubles winter Olympic investment ahead of Pyeongchang 2018
POSTED 27 Jun 2014 . BY Tom Walker
Team GB's LIzzy Yarnold setting off on her winning skeleton run at Sochi 2014
UK Sport is to double its investment in Team GB’s Winter Olympic athletes ahead of the 2018 Winter Olympics in Pyeongchang.

The decision follows this year’s Winter Games on Sochi, where Team GB equalled its all-time record of four medals, achieved at the inaugural Winter Olympics in Chamonix in 1924. The Paralympic team won six medals, its best Winter Games haul in 30 years – including a first ever winter Paralympic gold medal.

UK Sport will invest up to £31m in eight winter Olympic and Paralympic sports that have demonstrated credible medal potential either at PyeongChang 2018 or the following Winter Games in 2022. The funding is more than double the investment in the Sochi cycle (£14m).

On the Paralympic side the increase is even more significant – the £4m earmarked for the next Paralympic cycle is more than five times the investment given to the Sochi cycle.

In a statement, UK Sport said Team GB’s performance at Sochi this year had “made a compelling case” for investment to be increased.

Liz Nicholl, CEO of UK Sport, said: “Our winter Olympic and Paralympic athletes performed exceptionally in Sochi.

“The record £31m investment announced today reflects the belief we have in the potential of our winter sports and athletes to make us proud again in four years’ time in Pyeongchang, with yet more medal success.”

Simon Timson, UK Sport’s director of performance, added: “In more than 20 years of working in British high performance sport, I have never seen our winter sports and athletes in better shape.

“The investments announced today, along with the underpinning support of our Performance Advisors, Coaching and Talent teams, working in partnership with the Institutes of Sport, should keep these sports on an upward trajectory.”

Funding for Pyeongchang – highlights

• Up to £27m will be invested in Olympic sports for the PyeongChang cycle, just over double the investment in the Sochi cycle
• £4m will be invested in Paralympic GB, more than five times the amount invested for Sochi 2014
• The funded Olympic sports are: bobsleigh, curling, figure skating, short track speed skating, skeleton, ski and snowboard
• The funded Paralympic sports are para-alpine skiing and wheelchair curling
• To download the full funding announcement as a PDF document, click here
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NEWS
UK Sport doubles winter Olympic investment ahead of Pyeongchang 2018
POSTED 27 Jun 2014 . BY Tom Walker
Team GB's LIzzy Yarnold setting off on her winning skeleton run at Sochi 2014
UK Sport is to double its investment in Team GB’s Winter Olympic athletes ahead of the 2018 Winter Olympics in Pyeongchang.

The decision follows this year’s Winter Games on Sochi, where Team GB equalled its all-time record of four medals, achieved at the inaugural Winter Olympics in Chamonix in 1924. The Paralympic team won six medals, its best Winter Games haul in 30 years – including a first ever winter Paralympic gold medal.

UK Sport will invest up to £31m in eight winter Olympic and Paralympic sports that have demonstrated credible medal potential either at PyeongChang 2018 or the following Winter Games in 2022. The funding is more than double the investment in the Sochi cycle (£14m).

On the Paralympic side the increase is even more significant – the £4m earmarked for the next Paralympic cycle is more than five times the investment given to the Sochi cycle.

In a statement, UK Sport said Team GB’s performance at Sochi this year had “made a compelling case” for investment to be increased.

Liz Nicholl, CEO of UK Sport, said: “Our winter Olympic and Paralympic athletes performed exceptionally in Sochi.

“The record £31m investment announced today reflects the belief we have in the potential of our winter sports and athletes to make us proud again in four years’ time in Pyeongchang, with yet more medal success.”

Simon Timson, UK Sport’s director of performance, added: “In more than 20 years of working in British high performance sport, I have never seen our winter sports and athletes in better shape.

“The investments announced today, along with the underpinning support of our Performance Advisors, Coaching and Talent teams, working in partnership with the Institutes of Sport, should keep these sports on an upward trajectory.”

Funding for Pyeongchang – highlights

• Up to £27m will be invested in Olympic sports for the PyeongChang cycle, just over double the investment in the Sochi cycle
• £4m will be invested in Paralympic GB, more than five times the amount invested for Sochi 2014
• The funded Olympic sports are: bobsleigh, curling, figure skating, short track speed skating, skeleton, ski and snowboard
• The funded Paralympic sports are para-alpine skiing and wheelchair curling
• To download the full funding announcement as a PDF document, click here
RELATED STORIES
MORE NEWS
David Rockwell creates immersive magic destination, The Hand and The Eye
A US$50 million (£44.2 million, €51.2 million) transformation of Chicago's historic McCormick Mansion has created a new destination that combines live magic, immersive theatre, dining and private membership under one roof.
Montana Heritage Center opens with immersive exhibits and US$107 million investment
The Montana Historical Society has officially celebrated the opening of its new Montana Heritage Center, a US$107 million (£79 million, €92 million) destination that combines immersive storytelling with cutting-edge audiovisual technology to bring the sta
Universal launches new theme park model with Kids Resort
Universal Destinations and Experiences has launched a new regional theme park model with the opening of Universal Kids Resort in Frisco, Texas.
San Antonio Zoo reports $283 million economic impact as expansion plans progress
San Antonio Zoo has reported a US$283 million economic impact for 2025, following a decade- long transformation programme that has seen almost US$200 million invested into the Texas attraction.
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Plans for the AU$180 million redevelopment of Reef HQ Aquarium in Townsville, Australia, are progressing, with the project set to transform the attraction into a global centre for reef education and conservation.
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
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Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
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DIRECTORY
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DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
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ADVERTISE . CONTACT US

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Tel: +44 (0)1462 431385

©Cybertrek 2026

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