As well as its direct public health impacts, the covid-19 outbreak has presented real financial challenges to London’s grassroots physical activity and sport organisations. In response, a number of public funders are making available new funding packages to provide support and assistance to physical activity and sport bodies, and the wider charitable sector.
This page contains a selected list of major funding sources that have been launched in response to the covid-19 outbreak.
Sport England Covid-19 Funding
Sport England’s Community Emergency Fund aims to deliver immediate funding to those most in need. It is specifically targeted at organisations, including those not currently funded by Sport England, who have a role to play in supporting the nation to be active but are experiencing short-term financial hardship or ceasing of operations due to the covid-19 outbreak. Grants between £300 and £10,000 are available.
This fund has temporarily been paused whilst Sport England’s grant assessors process the remaining c2,000 applications received to date.
London Community Response Fund
Applications for Wave 3 of the London Community Response Fund close on 5 August 2020.
This grant programme will now focus on funding projects and organisations helping communities through the covid-19 pandemic (including helping organisations overcome any liquidity issues caused by covid-19). Given the emergency, they are looking to award funding of £300 – £10,000 to cover six months of expenditure.
This fund has been paused.
The Culture Recovery Fund for Heritage is part of the £1.57 billion rescue package announced by the Department for Digital, Culture, Media and Sport (DCMS) to safeguard cultural and heritage organisations across the UK from the economic impact of COVID-19.
The Culture Recovery Fund for Heritage will support organisations that were financially sustainable before COVID-19, have exhausted all other financing options, and are now at risk of failure.
Grants range from £10,000 to £3million and funding must be spent by the end of this financial year, 31 March 2021. Applications are open from Thursday 30 July until noon on 17 August 2020 with each submission being assessed and decisions made by the end of September.
The Resilience and Recovery Loan Fund (RRLF) is a new fund for UK social enterprises and charities who are experiencing disruption to their normal business model as a result of COVID-19.
RRLF is being delivered by social enterprises for social enterprises – so we understand the business models, structures and governance of the sector.
The RRLF will be offering loans of between £100k-£500k, with a loan term of one year (minimum) and a maximum of 3 years. Loans are interest-free and fee-free for the first 12 months (as part of CBILS), with an interest rate of 6.5% per annum for years two and three.
This page will be updated with any new funding opportunities that we become aware of. If you are providing funding suitable for physical activity and sport organisations in response to the covid-19 crisis and would like your funding to be promoted here, contact us.
London Sport has created a page which will be updated with any new statements or information from London Sport on the covid-19 outbreak and any impacts on our work.