19 Dec 2012

Winners and losers in latest high performance sport funding

6:17 am on 19 December 2012

Rowing, rugby sevens, and equestrian are among the biggest winners in the latest round of high performance sports funding announced by the government for the next four years.

The five medals rowing won at the London Olympics has led to increase in funding from High Performance Sport New Zealand by almost $2.5 million.

Rowing will receive $18.4 million over the next four years, up from $16 million.

With rugby sevens becoming an Olympic sport from 2016 in Rio, funding for the men's team will jump from $800,000 to $4.8 million.

Equestrian gets a $4 million boost, rising from $3.2 million to $7.2 million over 2013-2016.

Women's hockey has fared much better than their male counterparts, with the Black Sticks women getting a $2 million funding increase while the men are now being funded on a campaign basis.

Swimming and triathlon are among the major losers.

After failing to win medals in London both sports have been downgraded under a new tiered system.

Swimming received $6.6 million between 2009 and 2012 but will now be financed on a campaign basis with HPSNZ guaranteeing funding for only the next year of $1.4 million.

Triathlon is classified as a tier three sport with its funding being cut by $500,000 over the next four years.