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Minister of State for Tourism and Sport, Michael Ring TD, has announced today (Friday) that additional funding of €925,000 will be provided in 2016 to assist National Governing Bodies of Sport (NGBs) in their preparations for the Rio Olympic and Paralympic Games.
Minister Ring said: ‘The Government is providing increased funding of €3m to Sport Ireland for 2016. I am pleased to say that within this, an amount of €925,000 is being invested specifically to assist sporting bodies in their preparations for the Rio Games. Through this investment, Sport Ireland will support specific plans by NGBs for the Rio Games. I am delighted to make this additional investment available in 2016, on top of a special €1m allocation that was provided last year to assist NGBs in their Rio preparations. 2016 is a very important year for Irish athletes and high performance NGBs and I wish them all well as their preparations intensify in the run-up to the 2016 Olympic and Paralympic Games.’
As part of its Budget 2016 announcement, the Government announced an increase of €3m in funding for Sport Ireland next year. €925,000 of this additional funding is being directed specifically for Rio preparations.
The Minister also said that he had discussions with Sport Ireland this week on their budgetary preparations for next year and he is happy to announce that funding for NGBs will be maintained in 2016.
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