Sir Elton John has created a new charity to help Britain's future sports stars.

The Rocket Man star is launching the Elton John Sports Fund with more than $510,000 (£300,000) he raised at a charity gig in the U.K. last month (Jun14).

The fund is part of Britain's SportsAid charity and will help young athletes by covering training and competition costs.

A number of youngsters received the first cheques from the organisation on the night of the concert at Stoke Park in Buckinghamshire, England on 28 June (14).

The singer said after the show, "It was a special moment to meet the first five young athletes to benefit from the fund. Their successes are already very impressive, and with a little extra help and recognition who knows what they could go on to achieve... Working with SportsAid, we know we are helping the right athletes at the right time."