UK Govt. confirmed 11 sports will collect £300M Cash deposits to funds boost.
The UK Department of Digital, Culture, Media and Sport has announced that 11 sports, including rugby union, horse racing, and football's National League will be provided with huge cash deposits to boost the sports industry nearly crashed due to pandemic COVID-19 situation the country.
Most of the cash deposits to various sports will be given in the form of loans. DCMS said.
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11 Sports will get 300M boost funds to declare by UK Government.
Rugby union will receive the biggest single amount – £135m. In which, £44m will go to the Rugby Football Union, £59m to Premiership Rugby clubs, £9m to clubs in the Championship and £23m to clubs below the Championship.
Horse racing will receive £40million to support racecourses unable to welcome visitors.
Football’s National League at steps one and two – which has already benefited from £10m – will receive a further £11m to cover the period between January and the end of March.
Steps three to six of the pyramid will receive £14m, while the Women’s Super League and Championship have been awarded £3m.
The Rugby Football League will benefit to the tune of a further £12m, Rugby football already gained cash up to the £16m in May 2020.
Motorsports Owners & circuit operators will receive a combined £6m,
Lawn Tennis Association will get £5m and England Netball will receive £2m.
Basketball, Ice hockey, Badminton, and Greyhound racing’s losses have been covered to the tune of a combined £11m.
This UK Govt. 300M boost fund doesn't cover the Men's professional football.
Basketball, Ice hockey, Badminton, and Greyhound racing’s losses have been covered to the tune of a combined £11m.
This UK Govt. 300M boost fund doesn't cover the Men's professional football.
England most favorites Sport Cricket after football is not receiving any Penny from this Boost funding.
Sports minister Nigel Huddleston & Secretary Oliver Dowden Quotes...
“We know the vast majority of sports – many of which operate on tight financial margins – have been making serious cost reductions, such as locking down grounds, taking up the furlough scheme for many staff and halting excess payments.
“Whilst the Government’s overall economic package has provided a significant buffer, it is absolutely right that we now intervene to protect entire sports, and the communities they support, as we navigate this pandemic.”
Culture Secretary Oliver Dowden added:
“Sports clubs are the beating hearts of their communities and this £300m boost will help them survive this difficult winter period.
“We promised to stand by sports when we had to postpone fans returning. We are doing just that by delivering another £300m on top of existing business support schemes.
“Britain is a sports powerhouse and this Government will do everything we can to help our precious sports and clubs make it through Covid.”
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