Minister of State for Sport, Michael Ring, TD, today announced a €27 million investment in sports grants for 2016.
With the Olympic and Paralympic Games to be held later this year in Rio, High Performance Sport was one of the main areas that was addressed, with Paralympics Ireland receiving €1,280,000 – an increase in funding from Sport Ireland from €1,178,000 in 2015.
Speaking at the announcement, Minister Ring stated: “I am pleased to announce this significant investment in Irish sport for 2016, through Sport Ireland’s package of grants for the National Governing Bodies of Sport and the Local Sports Partnerships.
“The grants announced today will not only support the core activities of sports bodies, including their administration, they will also support…High Performance programmes. I am delighted to have been able to increase Sport Ireland’s budget by €3 million this year, which has enabled Sport Ireland to support High Performance sport in what is a very important year, with the Rio Olympic and Paralympic Games taking place.”
Paralympics Ireland receives investment from Sport Ireland’s High Performance Budget in two phases. The Core investment – of approximately €615,000 – is to support the administration of the organisation and programmes such as team development initiatives. Meanwhile, the Performance investment – of €665,000 – supports the preparation of Paralympic sports and athletes on the Road to Rio, with allocation for Tier 1 sports, the sports science and medical programme and coaching support.
Paralympics Ireland estimates that the cost for the Paralympic Games this year will be approximately €741,000.
Welcoming the increased investment, Paralympics Ireland CEO, Liam Harbison stated: “As we are now in a Games year, we are pleased that we can continue to deliver world class services to Ireland’s elite Paralympic athletes over the coming months as Rio gets all the more closer.
“This investment from Sport Ireland is a huge boost in our efforts to secure full finance for the cost of the Games. We’ve a number of corporate and fundraising initiatives coming up in the next few months, and we hope that the Irish public will support them as we continue down the road to Rio.”