24 Feb 2009

Swimming accepts funding cut ahead of London 2012

7:28 am on 24 February 2009

Swimming New Zealand say they're satisfied that the funding support announced by SPARC will enable them to continue with plans for the London Olympics in 2012.

Of the six targeted sports, swimming is the only one to take a high performance funding cut under a strategy aimed at winning 10 medals in London.

An investment of 1.4 million dollars in 2008 has been cut to 1.35 million per year for the next four years, while athletics, rowing, cycling, yachting and triathlon all got increases.

Swimming NZ CEO Mike Byrne says that while it is disappointing that swimming is the only sport not to receive an increase in funding, the challenge now is to ensure what money they do have is spent wisely and supports the elite swimmers in the best ways possible.

Byrne says they'll need to find further funding support but also target their resources where they are the most competitive internationally.

He says their swimmers must compete against the best regularly and that is a considerable cost with New Zealand's current exchange rate.