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Other support available |
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Bounce Back Loan Scheme
As an extension to existing government financial support vehicles, the Bounce Back Loan Scheme (microloans) was launched this week to help smaller businesses, including rugby clubs, impacted by COVID19 to borrow between £2000 and up to 25% of turnover capped at a maximum of £50,000. The repayment term is fixed at 6 years at an interest rate of 2.5% per annum. The government will cover the first 12 months of interest payments and will provide lenders with a 100% government backed guarantee. Your business must meet the other British Business Bank eligibility criteria. The application process is open until 4 November. Click here to find out more.
Click here to access guidance regarding the various support packages available.
Retail, Hospitality and Leisure Grants
We are aware that some clubs may have experienced issues applying for grants from the Retail, Hospitality and Leisure Grants. Clubs who currently have a rateable value of under £51,000 should be eligible for one of these two grants.
Impacted clubs are encouraged to proactively challenge their local authorities if they believe they have been incorrectly told they are ineligible.
If a club is having trouble accessing these grants, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
You can find out more about these grants here. |
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