The money will go back into the national sports system in Norway, the International Olympic Committee (IOC) said, with today marking exactly one year since the Closing Ceremony.

Around NOK6 million (£580,000/$720,000/€680,000) has been pledged to the new Lillehammer Legacy Centre, where young people can come to be educated and train for their future careers in sport.

A total of NOK11 million (£1.1 million/$1.3 million/€1.2 million) will go towards a youth volunteer fund, while NOK2 million (£192,000/$240,000/€227,000) will be provided to healthy eating workshops.

The final NOK1 million (£96,000/$120,000/€114,000) will support a biennial youth games and a youth volunteer conference.

The IOC have praised the legacy benefits of the Winter Youth Olympic Games in the Norwegian town, with the Youth Olympic Village now providing housing for 360 students.

Around 230 young leaders and change-makers involved in the Games from all 19 counties remain active in their fields and communities, the IOC claim.

It came as part of a 10-year plan from the Government and the Norwegian Olympic and Paralympic Committee and Confederation of Sports (NIF) to boost youth sport across the country.

The Games were attended by over 200,000 people, while 22,000 visited the "Sjoggfest", a range of cultural activities which also included the "Try the Sport" initiative, where attendees were given the chance to try a new Winter Olympic sport.

 "With the success of the Winter Youth Olympic Games Lillehammer 2016, the legacy of 1994 has passed to the next generation," IOC President Thomas Bach said.

"Lillehammer 2016 showed us all the power of sport to inspire young people. 

"This is what the Youth Olympic Games is all about. 

"The Youth Olympic Games will be remembered as the moment that launched the sporting careers of many young athletes; and, thanks to the innovative programme, a new generation of leaders is looking to the future with confidence, making the world a better place through sport."

The event in the 1994 Winter Olympic Games host was widely considered a success, although the future of the Youth Olympics concept remains uncertain.

A 27-member Youth Olympic Games Tripartite Commission was established by the IOC following the conclusion of Lillehammer 2016 to discuss the place of the Youth Olympic Games in the sporting landscape.

Bach had described Lillehammer 2016 as "truly outstanding in all aspects" on the day of the Closing Ceremony last year.

"Here in Lillehammer the Youth Olympic Games have contributed lots to the city," Lillehammer 2016 chief executive Tomas Holmestad said. 

"The Winter Youth Olympic Games have made the Lillehammer region into a centre for winter sport in Norway and almost in the world - a true legacy from the Games. 

"The Olympic venues from 1994 are being used every day and [after the refurbishment for the Youth Olympic Games in 2016] I know that for another 20 years that they will be operational and fully up-to-date."

The Lillehammer 2016 Winter Youth Olympic Games took place from February 12 to 21 and around 1,000 athletes competed.

The next edition of the Winter event is due to take place in Olympic capital Lausanne in 2020.