§ Lord Moynihanasked Her Majesty's Government:
How much Sport England has allocated in its budgets for the London 2012 Olympic bid during 2004 and 2005; and how much it expects to spend. [HL4778]
§ Lord McIntosh of HaringeySport England has allocated £40 million in principle to the Olympic Aquatics Centre, of which £1.5 million of their Lottery funding will be provided to the London Development Agency as a grant for development work on the Aquatics Centre in 2004–05. In addition, Sport England has made a £7 million Lottery Grant to the Lee Valley Regional Park Authority for the Lee Valley Regional Athletics Centre that will be used as a training venue for the Games. The project will be on site in late 2004 and it is anticipated that £4.5–15 million of Sport England's Grant will be drawn down in 2004–05.
Sport England has additionally contributed £50,000 towards a feasibility study for the Olympic Velodrome.