The British Bobsleigh and Skeleton Association (BBSA) is set to pull financial support from its women's team just five months before the Pyeongchang 2018 Winter Olympic Games.
According to BBC Sport, the BBSA informed female athletes that there was no money left to fund them because of "an overspend".
It is unclear if Great Britain will be represented in the women's bobsleigh competition in South Korea, but support of three men's teams will continue.
Mica McNeill, who won the World Junior Championship title alongside Mica Moore in Winterberg in January, is Britain's top female driver and she believes the decision could affect her long-term career.
"I was absolutely gutted," McNeill told BBC Sport.
"We met the British Olympic Association qualifying standard to get to the Winter Games, but now there's no money available for us in the programme.
"With the new season just around the corner it's really disappointing because we're left with a month before we'd look to be on ice and get the experience we need.
"The Federation said that they're struggling with funding at the moment.
"I was really unhappy and thought, 'that's not a good enough explanation'.
"I said 'why are we in this situation?', and there's been an overspend on the budget, and there's nothing left over for us women.
"We know the potential in this women's squad.
"I'm only 23 and have another Olympic cycle or two in me and if this season is a miss, this will ruin my whole career and we'll take a massive step back when we are in such an upward trajectory with progress."
Even though McNeill has met the Olympic qualifying standard, she needs to compete in this season's World Cup events that act as a ranking competition for Pyeongchang 2018.
Alongside teammates, McNeill is hoping to raise around £30,000 ($40,600/€33,800) to cover costs for the season.
As of today, the crowdfunding campaign has already received just over £10,000 ($13,500/€11,200) in donations and can be found here.
"The Great Britain bobsleigh programme is currently focusing resources on winning medals at the 2018 Winter Olympics in Pyeongchang," the BBSA said in a statement.
"We are actively seeking commercial funding to further support our world class programme and we will continue to do so."
It comes after Lee Johnston was named as the new head coach of British Bobsleigh on September 17 following the resignation of Dominik Scherrer.
Scherrer stood down from the role at the BBSA on September 14 after he claimed he no longer had control over strategy.
Johnston was a member of the British teams at the Nagano 1998, Salt Lake City 2002 and Turin 2006 Winter Olympics and is a 12-time national champion.
Scherrer followed performance director Gary Anderson to the exit door, who ended an eight year tenure earlier this month.
Anderson, who took a step back from some of his wider duties in mid-July, decided that he needed to devote more time to his family and to his health.