Uncertainty surrounds Britain's participation in next month's Winter Olympics after bankruptcy fears emerged last week.

The British Ski and Snowboard Federation needs to raise £200,327 ($323,508) by the end of January, otherwise the participation of British athletes in the Feb. 12-28 Olympics in Vancouver could be in jeopardy.

However, the British Olympic Association has said it was working on a contingency plan to make sure no athlete would miss the Games because of the financial problems.

BOA chief executive Andy Hunt said in a statement, "The BOA's absolute priority is to do everything possible to ensure that the athletes are able to compete in the Vancouver Games as members of Team GB. We have developed a contingency plan and, should it become necessary to do so, will submit it to our board for consideration."

On Tuesday, the BOA confirmed the line up of teams representing Great Britain at a ceremony at Somerset House, London. Big-name British athletes competing this year, include alpine skier Chemmy Alcott and snowboarder Zoe Gillings.

In total Britain is expected to send about 50 athletes to Vancouver to complete in six sports - biathlon, bobsled, curling, luge, skating, and skiing. The final number will be announced Friday, Jan. 29.