July 2024,

High performance athletes set to receive significant funding increase

5 July, 2024

High Performance Sport New Zealand (HPSNZ) has today announced that high performance athletes will receive a significant increase in their training grants from 2025.

Eligible athletes will receive $50,000 per annum as an Elite Training Grant, an increase of $17,500, while the Potential Training Grant will increase by $14,000 to $25,000 per annum. This equates to approximately $2 million additional direct financial support for athletes.

The increases will come into effect for the 2025 – 2028 cycle for eligible athletes from individual sports who compete in events which are confirmed as part of the next Winter and Summer Olympic and Paralympic Games cycle.

HPSNZ Director of High Performance, Steve Tew, says recent athlete surveys revealed financial pressures as the leading source of stress for athletes.

“We have listened to our partner NSO’s and their athletes and these increases will help  athletes to better balance  training, competition, study and work commitments, while reducing financial pressures,” says Steve Tew.

“The increases are the result of careful collaboration and consultation with National Sporting Organisations (NSOs) and athlete representative groups.  This continues to put athletes, and their wellbeing, at the centre of high performance investment decision making for the 2025-28 cycle.”

The excellence grants which athletes receive for succeeding at Olympic and Paralympic Games are unchanged. In addition to training and excellence grants, eligible athletes receive further financial support in the form of access to Prime Minister’s Scholarships and fully funded medical insurance.

Eligible high performance athletes from individual sports also receive tailored support from HPSNZ specialists in Performance Science (Performance & Technique Analysis, Strength & Conditioning, Physiology and Nutrition), Performance Health (Medical, Psychology, Physiotherapy and Massage) and Performance Life.

ENDS

Notes to Editors:

Performance Pathway Framework and Criteria

Performance Pathway Framework and Criteria

Tailored Athlete Pathway Support

Tailored Athlete Pathway Support

Media Contact:

Michelle Pickles
Group Media Manager
Michelle.pickles@sportnz.org.nz
021 833 244