BusinessCompany NewsBudget 05: some 27m set aside for Sports Foundation

Budget 05: some 27m set aside for Sports Foundation

Some £27m to be pumped into Sports Foundation ahead of the 2012 Olympics.

An initial £27m is to be pumped into establishing a UK sports foundation, in anticipation of London possibly winning the 2012 Olympic bid.

The foundation will be funded through public/private partnerships

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