Up to £150,000 ($188,323/€174,767) has been given to UK Athletics to stage the Diamond League next month.
Olympics and Paralympics hosts Paris is set to stage the fourth meeting of the season today, followed by Oslo and Lausanne on June 15 and June 30, respectively.
The first of four meetings is scheduled for Stockholm on July 2, followed by Silesia on July 16, Monaco on July 21, and London on July 23.
A “proportion of the projected deficit” will be covered by the money, according to UK Athletics, who are hopeful that more than 40,000 tickets will be sold for the event at London Stadium.
“We have a talented group of British athletes who we are looking forward to seeing competing on the Diamond League stage in London in just a few weeks’ time, Sally Munday, chief executive of UK Sport, said.
“This is a great opportunity for the British public to see world class athletics up close just a year out from the Paris Olympic Games.
“We want the UK to remain on the Diamond League calendar and for the event to become financially sustainable as quickly as possible.
“We are looking forward to working collaboratively with our colleagues at UK Athletics in the build up to the event and beyond to try to ensure this happens.”
UK Athletics suffered an annual loss of £1.8 million ($2.2 million/€2 million) last year, with savings falling from £2.2 million ($2.7 million/€2.5 million) to £430,000 ($539,428/€501,215).
Future athletics competitions in the UK should benefit from the most recent funding.
Earlier, an investment of £1.45 million ($1.8 million/€1.6 million) was made for the 2024 World Indoor Athletics Championships in Glasgow while £3 million ($3.7 million/€3.4 million) was dedicated for the 2026 European Athletics Championships in Birmingham.
“It’s great that UK Sport are supporting this Summer’s Diamond League at the Olympic stadium with the award announced today,” UK Athletics chief executive Jack Buckner said.
“As well as continuing the support they have given to major athletics events over many years, it is recognition that it forms a key part of the athlete journey – hosting Diamond League athletics in the UK gives the GB and NI team the best possible build up and support towards major championship success.
“We’re grateful to UK Sport for this award and look forward to working with them around the long term sustainability of athletics events staged in the UK.”