UK Sport is the government agency responsible for investing in Olympic and Paralympic sport in the United Kingdom. It is an executive non-departmental public body sponsored by the Department for Digital, Culture, Media & Sport. It was created following a "rock bottom" showing at the 1996 Summer Olympics where Team GB won just one solitary gold medal. Team GB and Paralympics GB went on to place third in the medal table at London 2012 and second in the table at Rio 2016. Funding UK Sport currently invests around £345m in summer Olympic and Paralympic sports and £24m in winter Olympic and Paralympic sports. These investments are spread over a four-year cycle ahead of the Tokyo and Beijing Olympic and Paralympic Games respectively. The investments are made through Athlete Performance Awards which are paid directly to the athlete and contribute to their living and sporting costs and through central funding to sport National Governing Bodies to invest in coaches, facilities and sports science and medicine. See also English Institute of Sport Sport in the United Kingdom References External links uksport.gov.uk, the organization's official website 1997 establishments in the United Kingdom Department for Digital, Culture, Media and Sport Funding bodies in the United Kingdom Government agencies established in 1997 Non-departmental public bodies of the United Kingdom government Organisations based in the London Borough of Camden Sport in the London Borough of Camden Sports organisations of the United Kingdom