The funding, which in total is worth £7,039,840 ($10,721,676/€8,254,082), will be on a one-year conditional basis, the Government agency said in a statement, with the full amount allocated only being released if basketball meets performance criteria.

Wheelchair fencing, which had also had its funding cut to zero, has also been awarded financial support from the body for an initial 12 months.

They have been awarded just over £1,008,608 ($1,536,109/€1,182,574), while women's beach volleyball has had its funding increased from £386,753 ($589,024/€453,460) to £514,000 ($782,822/$€602,655).

Britain fielded an Olympic basketball team for the first time since 1948 at last year's London Games - losing seven of their eight matches.

UK Sport has a "no-compromise" approach to funding sports, with most money going to traditionally strong medal hopes such as cycling and rowing while those without realistic chances of podium places get next to nothing.

It brings to a total of 44 sports and disciplines funded by UK Sport in the run-up to Rio with the aim of improving on the 65 Olympic and 120 Paralympic medals won in London, when Britain finished third in both overall medals tables.

Contact the writer of this story at [email protected]


Related stories
February 2013: British Basketball dream big after winning UK Sport funding appeal
January 2013: London 2012 bid star Amber Charles calls for UK Sport to restore funding for British Basketball
January 2013: NBA superstar Deng hits out at British Basketball cuts in letter to Prime Minister
January 2013: Frank Dick - Impact of UK Sport decision to cut basketball funding goes beyond elite level right to the grassroots
January 2013: "Fund British Basketball" campaign launched in attempt to urge UK Sport to rethink cuts