COVID-19 motorsports fund

The UK government has announced a £300 million fund to support spectator sports and venues through the winter period and to cover losses because of the COVID-19 pandemic.

The Sports Winter Survival Package will support sports – from national governing bodies through to clubs – impacted by coronavirus restrictions.

Advert
Advert

The funding, which will be largely composed of loans, is the most generous of any Government for its domestic sport sector in the world, and will focus on sports severely impacted over the winter.

Motorsport is reported to get around £6 million set aside, with businesses such as Silverstone, the BARC, Goodwood and MSV set to benefit.

Oliver Dowden, Secretary of State for Digital, Culture, Media and Sport, said: “Sports clubs are the beating hearts of their communities, and this £300 million boost will help them survive this difficult winter period.

Advert
Advert

“We promised to stand by sports when we had to postpone fans returning. We are doing just that by delivering another £300 million 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-19.”

Preliminary allocations have been made on a needs based assessment process and reflect the submissions made from the individual sports, and the funding process will be overseen by an independent decision-making board and supported by Sport England.

Advert
Advert

Full details on the Sports Winter Survival Package, including when it will open, eligibility and how to apply, will be announced by Sport England in due course. It is expected that the first tranche of funding will be distributed in the coming weeks.

 

Does this get you revved up? Tell us why...


Bikes for sale


Subscribe to MoreBikes Newspaper

Get MoreBikes delivered through your letterbox every month. 12 issues for £15. Click here for more information.


Get MoreBikes.co.uk Updates

Enter your e-mail address below and you will receive biking news straight into your inbox...



You can unsubscribe at any time.