UK Sport has revealed details of its four-year funding cycle that will see a record £347m being invested in elite sport during the run up to the Rio 2016 Olympic Games.

Nineteen sports have received an increase in funding due to their success at London 2012.

Rowing is among the biggest winners. The sport's national governing body, British Rowing, will receive £32.6m over the next four years (up from £27.3m) to be invested in its high-performance arm GB Rowing Team.

Other sports earning increases to funding include cycling (£30.1m, up from £26m), athletics (£26.8m, up from £25.1m) and boxing (£13.8m, up from £9.6m).

Sailing, cycling, canoeing and gymnastics also received significant increases in investment.

UK Sport will also be increasing its investment in areas such as coach development, talent identification and research and innovation, to underpin its investment in sports and athletes and to ensure the high performance system continues to operate at the cutting edge of world sport.

UK Sport's Mission 2016 performance programme tracking tool will continue to help monitor progress in each sport and highlight any barriers to success or elements of excellence to be captured and shared across sports.

Meanwhile, four sports have lost their funding entirely, after UK Sport judged them to have underperformed at London 2012.

Handball, basketball, wrestling and table tennis will face the task of seeking Olympic qualification for their athletes at Rio 2016 without any investment from UK Sport.

Five other sports - swimming, judo, badminton, archery and volleyball – have seen their funding cut.

According to Liz Nicholl, CEO of UK Sport, the funding has been set with the goal of becoming the first nation in recent history to be more successful in both the Olympics and Paralympics post-hosting, in terms of medals won.

"To ensure a high performance legacy from London 2012, whereby we can aspire to replicate the inspirational performances in London in four years' time in Rio, UK Sport's priority for this investment was to get the right resources, to the right athletes, for the right reasons.

"While these decisions have not been easy to make, we are ensuring that every athlete with medal potential for Rio 2016 or 2020 is supported, whether through their sport's World Class Performance Programme or through our new, more flexible, small squad investment option."

To read more and to see the full outline of investment for each sport,

click here.