Future Olympic hopefuls will get an extra £58million a year in sports funding under Tory plans to reform the National Lottery.

A Conservative government would ban Lottery cash from being diverted to health and education projects.

Since it came to power, Labour has raided £4billion from the Lottery to help fund schemes that critics claim should be paid for by the Treasury.

Shadow culture secretary Jeremy Hunt said a Conservative government would boost the current £205million annual sports funding by nearly £47million.

Another £11.35million would come from a new tax regime for Camelot, the Lottery operator.

But the plans risk claims from Labour that health, education and environmental projects which were added to the list of good causes to benefit from the Lottery in 1998 would suffer.

Mr Hunt said: "The results in Beijing have lifted the curse of dashed expectations that so often hangs over British sport.

"Now we need to build on this by getting more young people involved in sport. Our reforms will secure more funding for grassroots sport."

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