Club Funding Opportunities

Club Funding Opportunities

The Club Hardship Fund Phase 2 is now closed.

The Rugby Development department has also sourced additional new funding options to further help clubs during the current period of financial uncertainty:

Coronavirus Business Interpretation Loan from British Business Bank - All Major banks will offer the scheme which will guarantee 80% of bank loans and pay the first year of interest on loans up to £5 million.

Coronavirus Job Retention Scheme from UK Government - Financial support, 80% of an employee’s salary up to £2500 for employers who would have otherwise made workers redundant.

The scheme will close to new entrants from 30 June. From this point onwards, employers will only be able to furlough employees that they have furloughed for a full 3 week period prior to 30 June. This means that the final date by which an employer needs to agree with their employee and ensure they place them on furlough is 10 June. Employers will have until 31 July to make any claims in respect of the period to 30 June.

Employers will receive a one-off payment of £1,000 for every employee who has previously been furloughed under Coronavirus Job Retention Scheme (CJRS) – if they remain continuously employed to the end of January 2021. Click here for further information.

Foundation Scotland Response, Recovery and Resilience Fund from Foundation Scotland - Grants of £1000 - £5000 providing immediate funding support to constituted community groups and registered charities.

Small Business Bonus Scheme / Rural Relief from the Scottish Government - Access to a one off grant of £10,000. Rural Relief: a business providing benefit to the community in a designated rural area (population <3000).

Statutory Sick Pay (SSP) Support from UK Government - Employers can reclaim SSP for Covid-19 inducted sickness absence for up-to two weeks.

Self-employed Income Support Scheme from UK Government - The second and final taxable grant is worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.

SCVO – Independent Funders have a searchable database of Coronavirus specific funds from independent funders.

The Community & Third Sector Recovery Programme aims to support charities, community groups, social enterprises and voluntary organisations that are supporting people and communities through the shift from lockdown to recovery. As well as providing ongoing crisis support, many will be planning and implementing changes to adapt and thrive in a very different social and economic climate. The programme open until March 2021 and has two strands:

Adapt & Thrive Recovery Fund & Communities Recovery Fund

Grants

  • Grants of between £5,000-£25,000 will be available.

Loans

  • 0% interest loans from £25,000 to £250,000
  • 5-year term with the first 12 months payment free
  • No arrangement fee and unsecured

Coronavirus Restrictions Fund is for businesses and employees in Scotland affected by the temporary coronavirus (COVID-19) brake restrictions that came into effect from 9 October 2020. The support funds will be administered by local authorities, providing one-off grants to hospitality and other businesses required to close by the brake restrictions regulations. The business closure fund will operate as a two-tiered scheme, with a smaller grant of £2,000 for businesses with a Rateable Value (RV) of up to and including £51,000 and a larger grant of £3,000 for businesses with a RV of £51,001 or above, up to a maximum of £15,000 in total for any eligible business operating multiple premises. The fund will close on Tuesday 3 November at 5pm.

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