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Handball player Chris McDermott has tweeted:
The biggest increase of any UK Sport Olympic funding goes to boxing, a 44% increase, to £13.8m, though £9.55m is conditional on sport sorting out some internal issues.
Cycling is up to £30.6m from £26.3m, athletics has a £1.7m increase to £26.8m, rowing up from £27.3m to £32.6m, and gymnastics up from £10.8m to £14.5m.
Investment in Paralympic sport has also risen dramatically, up 43% on London 2012.
Basketball, handball, wrestling and table tennis, have failed to secure investment from UK Sport ahead of the Rio Olympic Games in 2016
UK Sport has announced a record pot of £347m of Olympic and Paralympic sports funding to be distributed in the run-up to the 2016 Rio de Janeiro Games
Cycling, rowing, boxing, athletics and gymnastics have been given increases, but several sports, including swimming, basketball, volleyball and handball, are paying the price for missing medal targets with severe cuts to their income.
Swimming funding has been cut to £21.4m from £25.1m, volleyball (down to £400,000 from £3.5m), plus basketball, handball, wrestling and table tennis, which miss out on funding altogether.
UK Sport has announced a record pot of £347m to be distributed in the run-up to the 2016 Rio de Janeiro Games.
UK Sport has announced a decrease in swimming funding ahead of the Rio Games in 2016.
For London 2012, the investment was £25,144,600 but after a disappointing medals haul for the swimmers it will now be £21,400,000 for the next Olympics.
Latest ITV News reports
UK Sport has announced a record £347m funding pot for Olympic and Paralympic sports until Rio 2016, but not everybody is celebrating.