The federal government will improve its funding of Nice Britain’s Olympians and Paralympians by £23.4m yearly to £77.4m a 12 months to help preparation for the Paris Video games in 2024.
The cash might be supplied along with Nationwide Lottery funds, and athletes hoping to compete on the 2022 Beijing Winter Olympics may also profit.
Nice Britain completed fourth within the desk after profitable 65 medals on the Tokyo Olympics.
The Paralympics start on 24 August.
An announcement from the Division for Digital, Tradition, Media and Sport stated funds would even be used to “assist kick-start the seek for the subsequent technology of Olympic and Paralympic champions”.
Prime Minister Boris Johnson stated: “Staff GB confirmed us the easiest of this nation in Tokyo – demonstrating sportsmanship, exhausting work and record-breaking performances.
“From the pool to the observe to the velodrome, our Olympians gave us so many causes to be proud, and to have a good time their extraordinary success.
“This elevated funding will help Staff GB to ship their very best performances in three years’ time in Paris.”
Dame Katherine Grainger, chair of UK Sport – the organisation that can obtain the funding – stated: “This dedication from our authorities, in addition to the unimaginable help we obtain from Nationwide Lottery gamers, offers us higher certainty of delivering extra extraordinary moments to achieve, encourage and unite the nation in Beijing and Paris, and likewise units us up completely for the ‘best decade’ of sport that we hope to ship within the years to come back.”