Medallists' Reward Scheme
In 2010 the Commonwealth Games Scotland Board established a Medallists' Reward scheme for athletes representing Team Scotland.
The purpose of the scheme is to show our recognition for our most successful athletes, and assist them after they ‘retire’ from competing at elite level with a boost to their longer term savings and investment planning.
It is recognised that whilst many athletes may receive some contributions towards their sporting costs whilst competing through the Lottery and other support, most put their non-sporting lives on hold and may struggle to re-establish their career after they retire. These funds are targeted to invest in pensions or to assist in their post sporting life.
Gold, silver and bronze medallists at the 2010 Games will receive £10,000, £5,000 and £2,500 respectively. This will be invested on behalf of the athlete and the capital and related interest passed to the athlete on notification of retirement for their further investment or use. Only one award per athletes will be awarded.
The initiative is being funded through CGS investments including monies received from the Glasgow 2014 Joint Marketing Plan Agreement.
Whilst the scheme has initially targeted successful athletes from the recent the Delhi 2010 Games, it is planned to operate a similar scheme at the Glasgow 2014 Commonwealth Games.