At least €250 million is anticipated for the Sports Capital and Equipment Programme, while an additional €120 million is anticipated for the next cycle of the Large Scale Sport Infrastructure Fund.

Funding for the recently approved national badminton facility and velodrome by ministers will also be included in this.

Speaking to the media this afternoon, Mr. Martin asserted that infrastructure and staff investments are necessary if Ireland hopes to develop its potential.

"Increasingly we can facilitate good development of capacities for talent in our community, through investment in facilities but also for governance," he stated.

"A key aspect" of this, according to the Tánaiste, is coaching."

Mr. Martin stated that he anticipates "tendering documents for the national velodrome and of course the badminton centre, which will be for the significant infrastructure developments at a national level for key sports."

Thomas Byrne, the minister of state in charge of sports, stated that increased financing for sports is "an absolute ironclad commitment" in the meantime.

Byrne said that athletes will be able to train nearer to home thanks to the increase in funding.

"It’s an essential need for our sporting infrastructure in the country and it will happen," he stated.

"We will see a step change in facilities all around the country."