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.
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.
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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.
“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.