Cycling Ireland welcomes Sport Ireland announcement of €2 million in funding for Paris Olympic Cycle

Cycling Ireland welcomes the announcement that it has been successful in its application for Sport Ireland funding to support the organisation’s High Performance Programme. The ‘Funding Package’ accounts for year 1 of the Paris Olympics Cycle (2021) and extends from 2022 to 2024. 

The funding package represents a total investment of €2million over the course of the Olympic cycle including €520,000 annually from 2022-2024. This represents an 18% increase from 2020 and 2021 levels. 

This increased funding will support the High Performance Programme under the direction of Iain Dyer and is representative of competitive cycling‘s growing participation and elite development across all disciplines including road, track, BMX and mountain biking.

Aligned to Cycling Ireland’s Strategic plan, the funding will allow Cycling Ireland to develop world class cyclists and paracyclists, world class coaching & supports as well as High Performance pathways. 

Commenting on the announcement Cycling Ireland CEO, Matt McKerrow said:

“We welcome the announcement that Cycling Ireland was successful in its Sport Ireland funding application to support our High Performance Programme. The increased funds provide welcome stability in terms of our planning and approach to the coming years and highlights Sport Ireland’s confidence in Cycling Ireland’s effectiveness to deliver for our athletes.”

High Performance Director, Iain Dyer, commented:

“This funding is essential to support the ambition of our athletes and for the High Performance Unit to support them with the best possible training and racing opportunities. We are committed to enabling our athletes, across all Olympic and Paralympic disciplines, to deliver on the international stage and inspire the people of Ireland and future generations of cyclists.”

In addition to high performance programme funding, €459,500 was allocated to cyclists under the 2022 International Carding Scheme. The International Carding Scheme provides financial support to athletes for their training and competition programmes. The primary purpose of this funding is to support Irish athletes in reaching finals and achieving medals at European, World, Olympic and Paralympic level. 

Sport Ireland High Performance Funding Media Release

Recent Funding Allocation:

2018: €305,000

2019: €350,000

2020: €440,000

Paris Cycle Funding Allocation:

2021: €440,000

2022: €520,000

2023: €520,000

2024: €520,000