Cycling NZ gets $200k bump in funding from HPSNZ

More funding will go assist cyclists like Michaela Drummond and Racquel Sheath, who won Gold in the Women's Madison final at the World Cup. Photo / Photosport

High Performance Sport New Zealand (HPSNZ) have made some tweaks to their funding allocations for next year.

Cycling is the biggest winner, given a $200,000 bump from the $4.2 million they received in 2017.

Cycling sits behind only rowing ($5.1 million) in terms of investment for 2018, with fellow tier one sports yachting ($3.8 million) and athletics ($2.7 million) seeing their funding levels stay constant for next year.

Cycling New Zealand, and Canoe Sprint New Zealand, have had their core investment extended until 2020, while $340,000 of operational savings achieved by HPSNZ over the past year have been redistributed across several sports.

Also getting a boost for 2018 are Paralympics New Zealand, who gain an additional $25,000 as a one-off investment for next year's Winter Olympics in South Korea

Men's softball gets an extra $50,000 to support their 2019 World Cup preparation, while shooters Chloe Tipple and Owen Robinson each receive an additional $15,000 ahead of the Commonwealth Games.

There's also an extra $20,000 for long track speed skating for next year's Winter Olympics, while squash player Paul Coll earns $15,000 towards his Commonwealth Games doubles preparation and his campaign to become world number one.

The two-year funding agreements for many sports are set to conclude at the end of 2018, and a new round of investment decisions will be announced in December 2018 through to Tokyo 2020.