Jenaya Wade-Fray’s dream of competing at the 2012 London Olympics for the Great Britain women’s basketball team is back on track.Great Britain’s men’s and women’s teams have been given the go-ahead to compete at the London 2012 Olympics.World governing body Fiba made their long-awaited decision at a central board meeting in Lyon on Sunday.GB Basketball had been asked to show what long-term investment the sport would receive after London 2012.Both GB teams have already qualified for this summer’s European Championship finals but would have struggled to qualify for the Olympics as of right.Basketball is the only Olympic sport where a decision on host participation has to be approved by the world governing body.Had GB’s teams not been granted host spots, they would have had to reach the finals of their respective EuroBasket competitions.Wade Fray’s GB women’s team only qualified for the tournament for the first time this year. They will play at EuroBasket this summerFiba had insisted that GB produce a legacy plan for the sport post-2012 to match their accomplishments on the court.“The key to today was the team’s results last summer, when they qualified for EuroBasket as of right,” said British Basketball Federation chairman Bill McInnes. “That made it a very easy decision for Fiba to make.“But five years ago people thought we were out of our heads to dream of playing in the Olympics.”The Fiba board’s decision was taken by a 17-3 majority on a proposal that the have to decide before next July whether the three federations want to carry on as Great Britain or devolve back to individual nations for competitive matches.Originally, GB asked Fiba for four years to make that decision and transition, but the decision gives them only 15 months to decide their post-2012 future.Fiba desire for a unified Great Britain body within Fiba is a concept that has met with some opposition domestically.Fiba secretary general Patrick Baumann said the vote was a sign that the governing body wanted GB to show decisiveness in determining their future.“It’s not about losing patience,” he said. “I think they are so close to making the right steps for the right governance and really driving basketball for the future.“It’s in everyone’s best interests - I understand the sensitivities in the country and so we left them the choice”GB Basketball has implemented a plan called Towards 2016, designed to develop the game domestically as well as ensure the teams qualify in their own right for the next Olympic Games in Rio de Janeiro.It has also commissioned a feasibility study into hosting the Men’s EuroBasket tournament in either 2015 or 2017 as another sign of long-term commitment.The news means Great Britain are the second nation to book their place in next year’s Games, after the US men’s and women’s teams won their respective world championships last year.British Olympic Association chief executive Andy Hunt welcomed the announcement.“We are delighted that Fiba has rightfully given both the teams the opportunity to compete for Team GB in front of an enthusiastic home crowd,” he said. “Today’s decision is recognition of the excellent progress made by British Basketball on and off the court over the last five years.“It represents a once-in-a-lifetime opportunity for the sport to significantly increase its participation and profile, and leave a lasting legacy throughout the UK.Wade-Fray was recently voted Bermuda’s new Female Athlete of the Year.