Deadline: June 15th (for federations not competing in the 2024 Paris Olympic Games)

Friday, August 23rd, 2024 (federations competing in the 2024 Paris Olympic Games)

First Subvention Payment: September 2024 (Athletes on approved lists will receive three months of payments at that time)

Subvention is crucial in supporting Bahamian athletes by providing essential financial aid for training, competition, and daily expenses. This removes financial barriers and enables athletes to focus entirely on their development and performance, enhancing their chances of success nationally and globally.

Complete details…

This strategic investment by The Bahamas in subvention aims to cultivate athletes’ inherent potential, foster a vibrant sports culture, and strive for excellence in national and international competitions. This commitment boosts national pride and promotes unity and camaraderie within sporting communities, celebrating and championing athletic accomplishments.

Federations submit their recommendations to the Ministry regarding athletes eligible for financial assistance and those they propose for removal from the program. The Ministry reviews these recommendations, conducts thorough investigations as necessary, and actively engages in discussions with the federations. Following the review process, federations receive written notification of approval or non-approval. Approved assistance is then distributed accordingly. All successful athletes have their funds directly deposited into their accounts.

All eligible athletes must submit monthly financial reports through an online portal to streamline reporting. Failure to submit three consecutive reports without explanation prompts a review and five instances of non-completion lead to suspension from the program. Non-submission of any report results in removal from the program. All necessary forms are now accessible online, and eligible athletes will receive unique identification numbers and login details.

Financial Aid

Providing financial aid to Bahamian athletes, coaches, students, sporting clubs, organisations, federations, and stakeholders is vital in supporting their development and success. This assistance goes beyond direct subvention for elite athletes, extending to educational support for courses and college pursuits. By alleviating financial constraints, this aid enables athletes to focus on rigorous training and competition, enhancing their performance on national and international stages.

Financial aid enhances coaching and education standards by funding specialised training programs and certifications. It supports the infrastructure of clubs, organisations, and federations, facilitating event organisation and facility maintenance while promoting a vibrant sports culture from grassroots to elite levels. Collaborations with stakeholders further sustain and expand sports initiatives, aligning interests to maximise community impact and benefits.

Providing financial aid to Bahamian sports entities is an investment in human potential, national pride, community cohesion, and sports excellence. This comprehensive approach ensures a sustainable sports ecosystem that enriches lives and contributes significantly to the socio-economic advancement of the Bahamas.