British cycling's funding nearly doubles

Sport England has awarded British Cycling £24.3 million in funding for 2009 to 2013 to deliver grassroots sport as part of a plan to get one million more people playing sports The funding represents a 96% increase compared to the 2005-2009 funding period, the second highest increase of the 46 sports eligible for funding.

"This is a fantastic result for British Cycling. It will ensure that we can continue to get more people participating in cycling for sport and regular recreation," said British Cycling chief executive Ian Drake. "It will also enable us to continue to develop our playground-to-podium talent system through the successful Go-Ride programme."

"No other sport has demonstrated the same level of growth in general participation, club sport and medal success during the current funding cycle. We welcome Sport England's support in the development of our plans and the approach of funding governing bodies on their record of delivery to date and potential to deliver in the run up to 2012."

On Tuesday, Sport England announced a total investment of £480 million to deliver grassroots sporting opportunities to all 2012 Olympic and Paralympic sports on the basis of their ability to increase the number of people playing and enjoying sport and to create development pathways for those with talent.