October 25, 2020
News Sport

Waterford clubs can tap into €70m fund as whistle blown on restart of sport – Senator

Waterford clubs can tap into a €70m fund to help them get going again now that the whistle has been blown on restart of sport, a Fine Gael Senator has said.

“The Government has announced a really significant new funding package of up to €70m this evening, to help sports across the country restart activity in the wake of the Covid-19 pandemic,” Senator John Cummins said.

“This is great news for clubs and organisations in Waterford who need help to get back up and running again after this enforced period of inaction.

“The Covid-19 pandemic has had a serious financial impact on the sports we all love, due to a huge loss of revenue from the cancellation of games and competitions.

“I have been contacted by many sporting clubs and organisations in recent weeks about the serious financial situation they’re facing and I have engaged with Minister Griffin to ensure that they are looked after to the greatest extent possible.

“As a qualified Physical Education teacher, I know first hand the importance sport and physical activity. There is no question that all sports contribute to the health and wellbeing of people right across Waterford as well as serving to bind our communities together.

“I am informed that as part of this new funding package, up to €40m will be provided for the three main field sports organisations – the FAI, the GAA and the IRFU.

“There is also a Resilience Fund of up to €10 million designed to support National Governing Bodies who find themselves in need of assistance to avoid closing.

“€15 million is allocated to a Sports Club Resilience Fund, to help clubs in need of assistance to avoid closing.

“Finally, there is also a Sports Restart and Renewal Fund worth up to €5m for clubs ineligible for the Government’s Restart Grants scheme (as they are not solely commercial trading entities), or the Government supports for the community and voluntary sector to cope with the challenge of COVID-19.”

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *