It’s understood UK Sport plans to announce the funding breakdown for particular sports activities for the LA 2028 cycle in December.
Munday acknowledged the cash invested will allow British athletes to obtain “world-class help” within the build-up to the Video games in the USA.
She added: “This contains enabling funding into a number of the greatest coaches, sports activities science and drugs on this planet.
“[It will] contribute in direction of prices of coaching environments, camps, journey, lodging, and entry into worldwide competitions exterior of the Olympic and Paralympic Video games.
“It additionally allows over 1000 athletes throughout 50 sports activities to obtain grants to contribute to their residing prices.”
Athletes are additionally funded by way of Nationwide Lottery grants, known as Athlete Efficiency Awards (APAs), that are meant to permit them to give attention to their sport.
For the Paris 2024 cycle, the utmost APA was £28,000 per yr. The BEAA estimated the common athlete earns lower than £22,500 yearly.