The NZRU are delighted with High Performance Sport New Zealand’s funding allocation for the lead-up to the Rio 2016 Olympics.
The All Blacks Sevens are set for a $1.2 million boost in 2013 and similar payment for the next three years while $800,000 has been committed to the New Zealand Women's Sevens team over 2013 and 2014.
"We're really excited to be part of the Olympic team for 2016 and this investment is a great boost to our plans to win two golds," NZRU Chief Executive Steve Tew says.
"The investment underlines the confidence HPSNZ has in our plans. The financial support, along with HPSNZ's considerable Olympic experience and the quality of its people will go a long way to helping us realise our goals.”
"We're confident that our plans, combined with financial and other support from HPSNZ, will put our teams in the best possible position to win gold when they arrive in Rio in 2016," Tew adds.
The All Blacks Sevens are currently leading the IRB Sevens World Series by 14 points after winning the recent leg in South Africa.
The Women's team won the inaugural Women’s Seven’s competition in Dubai in the first leg.