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London 2012 - who's in the money?
Basketball, synchronised swimming, taekwondo, boxing, archery and hockey are the big winners in UK Sport's Olympic 2012 funding programme.
All six have received sizeable increases in their budgets ahead of London, with basketball getting a huge 136% increase, up from £3.7m to £8.7m.
But athletics has suffered a cut in its funding of over 5% following Beijing.
The other big losers from Wednesday's announcement include shooting, table tennis, handball and fencing.
Along with volleyball, water polo, weightlifting and wrestling - plus four Paralympic sports - they have yet to have their individual funding allocations confirmed.
But, as it stands, they will share £12.5m between them, although UK Sport says it will work with each sport to help identify further funding, both from private investment and from other potential sources of income.
For those sports that have learnt that they face an uncertain financial future, two years of planning and investment has been thrown up in the air
"I'm frustrated, not just from my point of view but from the perspective of the players and coaches," said Alex Murdoch, chairman of the British Table Tennis Federation.
"We have a lot of people involved planning their future. We thought we would know one way or the other. I can't fathom it. The total budget was £550m and they can't find a few million to dollop out to various sports."
Wednesday's announcement confirmed:
• Athletics is the only sport which won Olympic medals in Beijing to see its funding cut, by £1.4m
• Rowing is the best funded Olympic sport as it will be handed £27.47m over the next four years
• Basketball has the biggest funding increase, its £8.75m funding an increase of £5.06m
• Eight sports - fencing, handball, shooting, table tennis, volleyball, water polo, weightlifting and wrestling - yet to have funding confirmed
Despite the fact that 17 sports will enjoy increases, Wednesday's announcement has prompted an angry reaction from British Olympic Association chief executive Andy Hunt.
"It is disappointing that, despite extensive lobbying, we find ourselves in the position now, just three months after the most successful Olympic Games for Great Britain in 100 years, where the government has failed to honour their funding promise," he said.
BIGGEST FUNDING INCREASES
Basketball £8.75m +136.9%
Synchronised Swimming £3.46m +109.8%
Taekwondo £4.49m +68.3%
Boxing £8.02m +60.3%
Archery £4.50m +58.7%
Hockey £14.13m +43.0%
"For those sports that have learnt that they face an uncertain financial future, two years of planning and investment has been thrown up in the air."
Britain's handball squad was only formed in 2006 but was relishing the prospect of competing in its first Olympics in 2012.
Hunt added: "As host nation in 2012, all our sports are effectively pre-qualified to compete which is why it is so disheartening that such a unique opportunity for our athletes to be a part of a home Olympic Games is now uncertain.
"A legacy for sport and young people was the foundation of London's bid and the government recognised this through their £600m commitment. Thus the BOA is very disappointed that they have now fallen short of that pledge."
Richard Leman, president of Great Britain Hockey and a gold medallist from the 1988 Olympics, was overjoyed with the financial award for his sport.
"This is fantastic news," he said. "I am delighted the progress that we have made over the last few years has been recognised by UK Sport.
"We are aiming high for London 2012 and this will give us the tools to give our committed elite players the best opportunity for success."
Following its success in Beijing, where it won 14 medals, including eight golds, cycling has received a 21% increase in funding, up to £26.9m from £22.1m.
But the athletics budget drops from £26.5m to £25.1m over the next four years, while badminton also has a slight cut in its spending, from £8.76m to £8.63m.
We are aiming high for London 2012 and this will give us the tools to give our committed elite players the best opportunity for success
President of Great Britain Hockey
UK Sport insists the level of funding builds on the £265m that was provided ahead of the Beijing Games and enables Britain to target a top-four finish in the medals table in London.
But its £550m budget is £50m below the £600m that had been pledged and has meant that some sports, like handball, have lost out.
Sue Campbell, chair of UK Sport, said: "The decisions made by our board were not easy, but they were right.
"With a shortfall in the overall funding available we had to make some tough calls, but we did so in the knowledge that our 'no compromise' strategy is not only known and understood by sport but was also the basis of our success in Beijing.
"While it is disappointing that we are not today able to offer the full level of resources to all sports, we can only invest what we have available to us.
"We will now do everything we can to deliver additional funding into sport and help close the gap, including sitting down with every affected sport and determining how best we can ensure their programmes continue to be supported.
"We remain absolutely committed to all Olympic and Paralympic sports, and will do everything we can to help get them to the start line in four years time. We will not give up on anybody."
The funding shortfall would have been greater had the government not come up with an additional £29m on Tuesday.
Culture secretary Andy Burnham insisted that the extra cash meant that Britain's Olympians had "certainty" as they prepared for the London Games.
"It's a good deal but a realistic one given the changed economic circumstances we are now in," he told the BBC. "People can build for London. This is a package that works for everybody."
UK Sport, which handles budgets for Britain's Olympians and Paralympians, had been allocated £600m over six years for elite sports, with £300m coming from the government, £200m from the Lottery and £100m from the private sector.
But with a global financial crisis in full swing, no money was forthcoming from businesses, leaving UK Sport with the prospect of reducing the number of athletes, and perhaps sports, it funded ahead of the London Games.
Burnham remains confident of being able to tease money out of the private sector to help athletes prepare for London.
People can build for London... this is a package that works for everybody
"Sport is such a great thing to invest in, even in difficult economic times," he said.
"It's not frivolous spending in any way, shape or form. This is money that brings real benefit in terms of greater activity in the population and real joy, real happiness when we see our national team do well.
"It is also right now that we really up our efforts to bring in private sector funding to support our preparations for London."
Shadow Olympics minister Hugh Robertson has insisted the government should have honoured the original commitment of £600m.
"This still falls £50m short of what the Government unconditionally promised sport that it would get two years ago."
Team GB finished fourth in the medals table in Beijing, exceeding expectations by landing 19 golds. China were top with 51 golds, followed by the USA (36) and Russia (23).
At the Paralympics, Team GB claimed 42 golds to finish in second place in the table, 47 behind the hosts.