British Cycling today received the news that they are to receive £35,429,000 to fund the World Class Programme, also known as the Great Britain Cycling Team, for the Paris 2024 cycle.

Reacting to the funding announcement, Performance Director Stephen Park said: “It’s fantastic news that we will be in receipt of £35,429,000 to fund our activity for the next four years as we move through Tokyo and head towards the Paris Olympic and Paralympic Games.

“In what has been a difficult year for everybody, we are grateful for the funding which we are set to receive. It will enable us to put in place plans to support riders to realise their dreams and win medals across all the Olympic and Paralympic disciplines.

“The money will be invested in supporting the very best of talented British cyclists as we seek to continue to be the top cycling nation at the Olympic and Paralympic Games. That means reinforcing our talent pathways to ensure the legacy of the team can continue beyond 2024.

“We know that the success of the Great Britain Cycling Team on an international stage allows British Cycling to reach new audiences and encourage more people to ride bikes whether that is for fun, fitness, travel or for sport. More people cycling means more people leading happier, healthier lives and it means the places where we live and work will be less congested and less polluted. Our purpose is to inspire Britain to become a great cycling nation through being the world’s best sports team and the funding we are set to receive will play a significant part in us achieving this.

“I would like to thank everyone who plays the National Lottery as they have now given us the opportunity to fulfil our ambitions over the next four years. I would also like to thank UK Sport for their investment in our sport and the whole team is excited to start their preparations for Paris in earnest.”