UK Sport confirm Olympic funding cuts

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The sports will only get between a third and a half of the cash they received in the build-up to the Beijing Games. The funding body have tried to minimise the impact of the cuts by announcing the sports will be allowed to have all the cash up front rather than split annually during the four-year cycle up to 2013.

UK Sport chair Sue Campbell said: "It was vital that, having successfully targeted our medal prospects, we also maximised the chances of every sport for London 2012 within our limited resources."

Overall, £11.2million of public money remaining in the pot will be split between fencing, handball, shooting, table tennis, volleyball/beach volleyball, water polo, weightlifting and wrestling, plus Paralympic sports fencing, goalball, volleyball and wheelchair basketball (women).

Campbell continued: "While a risk, I believe that the flexible and performance orientated approach we have announced does just that, with the potential two-year frontloading of the award giving everyone the chance to stay in the race.

"The past few months have not been easy for anyone, and the decisions we have taken have been tough.

"But I firmly believe we have done the best we can to deliver for all sports whilst remaining true to our core responsibility of driving medal success, that was seen to deliver so well in Beijing."

UK Sport have secured an additional £1.8million from Sports Aid's talented athlete scholarship scheme which could be used to fund promising athletes from these 12 sports.

UK Sport also say they are making progress on securing some long-term funding from the private sector.