Around £15m (US$19.6m, €17.5m) of government funding will go towards the development of cycling facilities in England if it wins the bid to host the 2019 World Road Cycling Championships.

Last month the Department of Culture, Media and Sport (DCMS) revealed that it was going to earmark £24m (US$31.4m, €28m) for the event, and now culture secretary Karen Bradley has confirmed £9m (US$11.8m, €10.5m) will be used for hosting the event, with the rest going towards grassroots facilities.

The facilities money be spent on traditional facilities and closed road circuits, according to a parliamentary statement made by Bradley.

As well as the £9m being spent on competition preparations, a further £2m (US$2.6m, €2.3m) is expected to come via commercial channels, while UK Sport is “considering” a contribution of £3m (US$3.9m, €3.5m).

“If the bid were to be successful, it would provide British cyclists with a home advantage at a key strategic cycling event one year prior to the 2020 Tokyo Olympic Games,” said Bradley’s statement.

“It is also expected the event would deliver significant economic benefits to the towns and cities where the Championships are staged.”