April 22/15 17:15 pm - Federal Budget Promises Increased High Performance Investment

Posted by Editor on 04/22/15
 

In the federal budget introduced on Tuesday, there was an announcement of increased support for the development of of Canada's next generation of Olympic and Paralympic medallists.

Beginning in fiscal 2016-17, the federal government will match up to $20 million of private sector investment that supports athletes who are 5-8 years away from potentially medalling at the Olympics or Paralympics.  This support is spread over four years ($5 million/year).  The funding will be used for additional coaches, sports science services and improving training environments.

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