UK Sport has told the government Team GB could top the medal tables at the 2032 Games if it was given £3billion to invest in the nation's Olympic and Paralympic athletes.
Set up in 1997 to channel public funding to the nation's best athletes, UK Sport has presided over Team GB's rise from 36th in the medal table in 1996 to second at Rio 2016, while ParalympicsGB has finished second in the medal tally at the last three Games.
Its budget, which comes from the public purse and National Lottery proceeds, is set by the government every four years and, in the current 'Tokyo 2020' cycle, the agency has invested £550million in the high-performance system.