Nicholl: Some sports will suffer
Liz Nicholl, the chief executive of UK Sport, has confirmed that some Olympic sports will lose their funding in the wake of London 2012.
The government has pledged to invest £508million of exchequer and lottery money into sport over the next four years, virtually the same amount that funded Britain's success in London.
But UK Sport's "no compromise" policy means only those sports which can demonstrate they will qualify for the 2016 Rio Olympics are likely to receive any of that money.
The final decision will be made in December, following a period of review, with the new funding cycle starting in January.
The policy is expected to hit sports such as handball and volleyball, which had benefited from receiving host nation places at London 2012.
"We will not be able to fund each and every sport that we funded this time round," Nicholl said. "We will invest in every sport that has medal potential. The sports that are very likely to multi-medal will be our top priority.
"We have the same amount of money as we had for the last cycle.
"Success is costly because the more successful you are, the more potential medallists you have got, the more athletes we have to support to achieve the medal potentials.
"For handball and other sports that have been given host-nation places here, they have to demonstrate to us that they can qualify by right for the Olympic Games.
"If they can't be there, then they can't be supported to achieve a medal. That's what our no-compromise approach is all about, that's the approach that works. We will not waver."
UK Sport's policy places sports like volleyball in a Catch-22 situation.
The British Volleyball Federation, who today today lost men's coach Harry Brokking because they cannot afford to pay his wages, argue they need funding in order to stand a chance of qualifying for Rio.
The BVF received a shade over £3.5million from UK Sport over the four-year build-up to London but did not meet all their performance targets at the Olympics.
"There will be some sports that will not be receiving UK Sports performance-focused funding but they have the opportunity to generate income from other sources," Nicholl said
"Every sport has to take responsibility itself for driving its own development to a point at which we can identify that it has future medal potential and that we are interested."
The number of Olympic sports has now increased to 28 with the inclusion of rugby sevens and golf in the sporting programme for Rio.
Britain won 65 medals, including 29 golds, across 17 sports to at the London Olympics, to finish above Russia in third place in the medal table.
While it may not be possible to increase the number of medal-winning sports in Rio, performance advisor Peter Keen is convinced Team GB can improve on their record haul of 65 medals.
"It doesn't stop," Keen said. "There are so many things we can improve. There are so many errors.
"It seems entirely reasonable that if we were to apply the knowledge we have got, do the obvious things better, we can be better than we are.
"I hope people remember just how good it was and how much we valued it and it is game on.
"That planning work for Rio is vastly better than it was six years ago, unrecognisably better - not just in the words written but the the quality of thinking, the aspirations it is showing to us.
"The most emotional moment of the opening ceremony was the Red Arrows flying over at the second the time ticked to 20:12.
"Look at how really good can be. We can go much further.
"I am absolutely certain that if we can reduce the errors and come together even more, those athletes will feel even more support and be on an even more stable platform and they will deliver again."