British Swimming has notified UK Sport, the administration and funding body responsible for financing elite sport in the country, that it will launch a legal appeal against the withdrawal of funding for synchronised swimming.
But after "careful consideration of all factors, including independent legal advice," British Swimming said it has "reluctantly" taken the decision not to appeal against the removal of funding for the women’s water polo programme.
Last week, UK Sport rejected an appeal by British Swimming over its decision to withdraw all funding for synchronised swimming (£4.3 million [$7.3 million]) and water polo (£4.5 million) because they were no longer considered realistic medal prospects for the 2016 or 2020 Olympic Games.
Following that decision, David Sparkes, chief executive of British Swimming, said it was a "very dark and sad day for British sport - especially for women's sport."
Sparkes said today: "After careful consideration of the UK Sport decision and having taken into account the whole process we are keen to appeal the case for synchro. This matter will now be submitted to an independent hearing through Sport Resolutions (UK).
"However, we still feel the strategy adopted by UK Sport in terms of team sports needs further review and we will be seeking to influence this for water polo and the future of all team sports."
UK Sport also withdrew all funding for the Olympic sports of basketball and weightlifting and the Paralympic sports of wheelchair fencing, goalball and five-a-side soccer early last month, citing the improbability of them producing medals in forthcoming Olympic and Paralympic Games.
Only British Weight Lifting was successful on appeal, and had £894,000 of Olympic funding reinstated, taking it to £1.8 million in total.
Liz Nicholls, chief executive of UK Sport, said at the time: "If the nation values sporting success, we can deliver it but only if we remain focused as the Olympic and Paralympic environment is becoming increasingly competitive."