That exchequer/lottery split will evolve to

September 27 [Fri], 2013, 11:37

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That exchequer/lottery split will evolve to and by 2014/15 a increase, not allowing for inflation.Whether that will be enough to help the Coalition Government achieve the legacy targets it inherited from Labour for increased participation in sport postLondon 2012 is debatable. But Sports Minister Hugh Robertson was in no doubt about where the blame should lie for that."This hasn't been an easy process but it's the best possible result for sport under the circumstances," he insisted."Let's be clear, the country's deficit is so large the daily interest payments are the same as Sport England's annual budget."The situation at Sport England is broadly replicated at UK Sport, although the fallaway in exchequer funding is negligible until after London 2012, when the current fouryear Olympic cycle ends.The real change occurs in the first year of the "Rio cycle" when the Department of Culture, Media and Sport's contribution to Team GB's preparations plummets from to UK Sport is confident this deficit will be filled by lottery money and commercial sponsorship.In line with most other agencies sponsored by DCMS, both Sport England and UK Sport have also pledged to cut their administrative costs by 50%, or by March 2015. This is before the two are expected to make further savings, by moving under one roof and effectively merging their backoffice operations.Liz Nicholl, UK Sport's chief executive, matched her Sport England counterpart Jennie Price by giving a cautious response to the announcements.,,
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