Olympians will be able to apply for a new grant of $10,000 for each games they compete in, according to the International Olympic Committee.

The new initiative is one of the first actions taken as part of the IOC’s ‘fit for the future’ framework to find new ways to support athletes.

Dubbed the ‘fit for the future Olympian grant’ it has been established to support the sporting career of Olympic athletes, or their career transition.

A fund of $140 million dollars will be set aside for each Olympic Games, with the athletes who competed at this year’s winter olympics the first to be able to apply.

Around 14,000 Olympians per games are expected to be eligible for the grant.

It will not be available to any athlete who commits an anti-doping violation or violates the IOC code of ethics, the conditions of participation, or the Olympic charter.

The grant will be delivered through existing National Olympic Committee (NOC) structures and will not be reduced because of any existing support programmes provided by the IOC to the NOCs, International Sports Federations, Olympic organising Committees or Olympic Solidarity.