Five Olympic sports - archery, badminton, fencing, table tennis and weightlifting, which had their funding cut entirely for the four-year cycle in December - all failed in their respective bids to overturn UK Sport's decision.

Goalball and wheelchair rugby were among three Paralympic sports that were hoping to successfully challenge UK Sport's verdict but their efforts proved fruitless.

One change to the original funding decisions has been made, with investment for powerlifting to be managed by British Weightlifting and not the English Institute of Sport.

Two days of meetings were held earlier this month with the governing bodies given time to present their cases on either February 6 or 7.

A total investment of £345 million ($434 million/€411 million) will be made to 31 Olympic and Paralympic sports for the next Games - £2 million ($2.5 million/€2.3 million) less than a record £347 million ($436 million/€413 million) allocated in the run-up to Rio.

Badminton was a surprising omission from the funding list when it was announced after Marcus Ellis and Chris Langridge claimed a bronze medal in the men's doubles at Rio 2016.

This exceeded the sport’s medal target for the Games, leading to UK Sport’s decision being criticised by Badminton England today.

In a statement, the governing body said they were "staggered".

"The challenge for them [appealing governing bodies] was to present any new evidence that we had not yet taken into account and would give us a different perspective on their medal potential," UK Sport chief executive Liz Nicholl told insidethegames today.

"The sports that we heard from were not able to do that and persuade us they had stronger medal potential.

"Our funding will not reach those who have limited medal potential.

"We know that Badminton England has athletes with medal potential but their record against the best in the world is not consistent.

"We have an annual investment review every Autumn where we will consider if there have been any performances which change our perspective on their Tokyo medal potential."

Sports may now choose to go to a formal appeal through Sport Resolutions UK, who will consider the integrity of the decision-making process used by UK Sport but do not have authority to make investment decisions on its behalf.

"I would not expect all seven to appeal but they have until March 20 to do so," Nicholl added.

"I am sure they will all be giving due consideration to that option.

"I hope that the opportunity we have given them to make representations directly to our Board has given them even more confidence in the process."

Badminton England expressed its dismay at being overlooked for funding, claiming they could not believe the decision.

"Given the strength of evidence we were able to present to justify investment, we cannot believe UK Sport has concluded that they should stand by their decision and award zero funding to our GB programme," a statement on their website read.

"We have players who are on track to win medals for the nation at the Tokyo 2020 Olympic Games and our belief in those players remains as great as it’s ever been."

British Fencing has also described this time as "an incredibly difficult period for the athletes and programme staff."

"Having to explain to them why the programme funding will be coming to an end is extremely tough," said British Fencing chief executive Georgina Usher.

"We will be appealing this decision as we owe it to our athletes to pursue every avenue open to us to challenge this funding decision process."

UK Sport have set the British team a target of winning between 51 to 85 Olympic medals and 115 to 162 Paralympic medals at Tokyo 2020.

Britain finished second on the Olympic medals table at Rio 2016 with 27 gold, 23 silver and 17 bronze.

The nation also finished second on the Paralympic table, securing 64 gold, 39 silver and 44 bronze medals.

Paralympics GB said they were "disappointed" at today's decision but vowed to maintain their support for Paralympic sport where possible.

"We are disappointed that both goalball and wheelchair rugby have been unsuccessful at appeal with UK Sport," a statement read.

"We would, of course, like every one of our medal potential sports to be sufficiently funded now to allow them to be in the best possible shape for qualification for Tokyo in 2020 and give every athlete the best possible opportunity.

"However, we understand the process undertaken by UK Sport, and support their overall approach given they ultimately have a finite funding pot for investment.

"We will continue to work closely with all sports seeking qualification for Tokyo 2020 and support them where we can going forward as major Paralympic sports and as our members."