UK Sport in a funding u-turn; SPORT SHORTS BASKETBALL.
However, several other Olympic sports, including table tennis and indoor volleyball, will remain with zero funding after their appeal to UK Sport.
Volleyball's performance director said the sport will have to withdraw from the world championships and is now seeking legal advice.
British Basketball had mounted a high-profile campaign after being told in December its funding was being cut from PS8.6million to zero.
It even mobilised its most famous player, Chicago Bulls' Luol Deng, to write to Prime Minister David Cameron pleading for funding.
Wheelchair fencing has also been successful in an appeal - the awards for both it and basketball will be on a one-year conditional basis, with the next three years' funding released only if they meet strict performance criteria.