Financial Support

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In this section we highlight the loans and funding sources available to support your organisation at this time.

Restrictions Support Grants

Businesses required to close

Businesses which have been required to close as a result of local coronavirus restrictions may be eligible for support grants. To be eligible businesses must occupy a property on which it pays business rates and have been required to close by formal guidance for a period of at least 3 weeks.

Businesses with a rateable value of less than £51,000 will receive a grant of £1,000 for each three-week period they are required to close. Those businesses with a rateable value of £51,000 or above will receive £1,500 for each three-week period.

Local authorities are responsible for administering grants so you should contact your local authority to find out how to apply. Further information is available on the government website.

Businesses not required to close

The government has announced additional funding is being made available to support businesses not legally required to close but are severely impacted by the restrictions on socialising. Local authorities have the discretion to decide the exact eligibility criteria for awarding these grants and the precise funding allocated to eligible businesses. We would therefore encourage you to contact your local authority if you believe you are eligible.

Sport England Return to Play Fund

Sport England has announced new funding through its Return to Play Fund, which is split into the following three areas:

Return to Play: Small Grants

Grants of between £300 and £10,000 will be available to help groups, clubs and organisations respond to the immediate challenges of returning to play in a safe way. This may include cost associated with having smaller groups than normal or having the correct hygiene and safety equipment.

Return to Play: Community Asset Fund

Grants of between £10,001 and £50,000 are available to help local sports clubs and organisations adapt and open important paces and spaces to help their local community return to play safely. This may include converting existing space to meet social distancing guidelines, or improving a facility’s ventilation.

Return to Play: Active Together

This is a crowdfunding initiative that can match fund successful Crowdfunder campaigns up to £10,000. 

Insurance

To combat the spread of COVID-19, the government has instructed all non-essential business, including sports clubs and leisure facilities, to close.

The government and the insurance industry have confirmed that this instruction to close is sufficient to satisfy a clause relating to government ordered closure in a policy and further intervention by the police or another statutory body is not required.

However, the ability to make a claim will also be dependent on organisations having an insurance policy which covers pandemics or unspecified notifiable diseases. Further information from the government on commercial insurance is available here.

It is suggested you contact your insurance provider to understand fully what your policy covers.

Our partners Howden have produced a series of COVID-19 related guidance for businesses including operational management, cyber risk management, support for employees and implications for directors.

The Association of British Insurers have also produced useful guidance regarding business insurance.

Archived documents:

Business Rates Relief and Cash Grants Support

Other Sources of Financial Support

Support for Charities