The body will provide £493m to grassroots projects in 46 sports between 2013-17, with only 11 sports receiving less than in 2009-13.
Cycling had a hugely successful year at London 2012 and most notably with Bradley Wiggins becoming Tour de France champion.
Alongside the Sky Ride scheme, these achievements have seen a large increase in cycling numbers leading to a 30 per cent rise in cash to £32m.
Netball funding has increased from £18.7m to £25.3m for its key contribution to increasing women’s participation in sport, while triathlon projects are set to receive £7.5m, up from £4.7m.
However rugby has been hit hard, with league cut by £10.1m to £17.5m and union by £8.8m to £20m despite the 2015 World Cup being hosted in England. Cricket’s funding has fallen £7.7m to £27.5m. Tennis, swimming and basketball have been granted just one year’s guaranteed funding with the rest dependent on results.