14 November 2011 Last updated at 20:18 ETA boxing club in Manchester has become the first sports group in the UK to secure funding from a London 2012 Legacy Fund.
Moss Side Boxing and Athletics Association is among 632 organisations to have submitted bids for a share of the £17m Inspired Facilities fund.
It has been awarded £41,355 to upgrade its gym, where Beijing Olympic boxers John and Joe Murray trained.
Remaining applicants will discover by Christmas if bids are successful.
Sport England chairman Richard Lewis said: "For hundreds of clubs and tens of thousands of people, 2012 will be the year their local sports facilities got better.
"This fund has really hit the mark with sports clubs. It shows we're offering the sporting legacy that people want and that our work to simplify the application process has paid off."
The Inspired Facilities fund is part of the Places People Play programme, which was set up to help deliver benefits to communities from the London 2012 Olympics.
A further 2,000 bids for are expected to be submitted over the four remaining funding rounds.
Olympics Minister Hugh Robertson said: "I am delighted that the Moss Side Boxing & Athletics Association is the first to benefit from this funding and hope it goes from strength to strength in the future.
"We want to use the Olympics and Paralympics next summer to inspire a generation to get involved in sport across the country.
"This is why, as part of the £135m Places People Play legacy programme, we invited community sports clubs to apply for funding to upgrade their facilities."