What about Sport England funding?
Sport England has announced a package of support for the sector totalling £210m including:
Sport England has also agreed to?consider requests to release six months of the coming year’s funding (50% of awards) to partners, meaning additional funding will be available sooner.
Further information about all of Sport England’s COVID-19 funding support can be found here.
Are there any other sources of funding available?
The Charities Aid Foundation had been running a Coronavirus Emergency Fund offering grants of up to £10,000. Due to exceptional demand this fund has been paused buy may re-open at a later date.
If it re-opens, it will be open to any organisation with a charitable purpose including registered charities, not-for-profit entities such as Community Interest Companies or Companies Limited by Guarantee or unregistered entities and social enterprises.
To be eligible organisations must also have had an income of less than £1 million in their last financial year.
Organisations who support vulnerable young people at risk of youth violence can apply for a share of the £6.5m grant funding being offered by Youth Endowment Fund. The minimum grant which can be applied for is £25,000 and whilst there is no maximum, they expect the average to be around £50,000.
The aim of the scheme is to provide support to vulnerable young people who may not be able to access their usual support networks and to understand how best this support can be provided under social distancing and stay-at-home guidelines.
What about gift aid for registered clubs?
Clubs registered with HM Revenues & Customs as Community Amateur Sports Clubs or charities can use gift aid to generate funds from HMRC.
An extra 25p will be paid by HMRC for every £1 donated by individual taxpayers. Members, parents and supporters may be prepared to provide financial support to a registered club while it is closed by making donations to help it survive. HMRC will make a 25% cash rebate to the club on such qualifying donations.
Sport-specific financial support
A number of NGBs and other bodies are offering financial assistance to their clubs to support them through this period:
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