Federation of Irish Sport partner Clann Credo have provided the following information in relation to the Sports Capital and Equipment Programme announcement by Minister Martin and Minister Chambers.
Clann Credo can help local clubs and communities to maximise Sports Capital funding by providing match funding loans as part of their applications. Clann Credo is excited to see a new round of funding under the Sports Capital Programme announced on Monday. These grants fuel the growth of local sports clubs that play such a vital role in our communities. Local sports clubs are enormous contributors to local identity, and they create a community of endeavour, pride and support. Never was this as true as in 2020, the year of Covid-19. At the onset of lockdown in March, the whole country saw how local clubs turned their skills, resources and energy into supporting people who had to cocoon. The return to sport during the summer months and the resumption of televised competitions was a highlight for many and brought a renewed appreciation of the central role of sport in our lives.But even before Covid-19 turned our lives upside down, Clann Credo understood that local sports clubs provide essential engagement with disadvantaged young people on the margins of our communities as well as giving older people meaningful ways to contribute. In fact, it is hard to overstate the positive social impacts that sports clubs bring to local areas. This is why Clann Credo believes in sport and the people behind the thousands of local clubs and facilities nationwide.€10 Million Community Sports Loan FundClann Credo has a dedicated €10 Million Community Sports Loan Fund available to help sports clubs maximise their Sports Capital grants and has years of experience in assisting clubs to develop their facilities.Clann Credo Match Funding LoansThe Sports Capital application requires clubs to show evidence of own funds. While having cash on deposit is best, a loan offer from Clann Credo is also acceptable as evidence of own funding and can boost your scoring in the application. The approval will be provided in the format required by the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media.Clann Credo Bridging LoansSports Capital grants are paid following submission of receipts for works completed and paid for. This can be a barrier to accessing the grant if the club doesn’t have funds on hand to pay for works or equipment upfront. Clann Credo can provide clubs with a Bridging Loan to pay for works done on their project, allowing them to draw down their grant. The Clann Credo loan is repaid when the club receives its Sports Capital grant.Information evening – Community Sports Loans for Sports Capital – 13th January 2021Clann Credo is hosting an information evening for all sports and community groups who may require evidence of loan finance to support their application under the 2021 Sports Capital Programme.This will involve:• Practical advice on how to use loan finance effectively to maximise your grant• Top tips on applying for a Clann Credo Community Sports Loan• An introduction to your local Clann Credo representative• Advice from clubs who have combined grants and loans to develop their facilities in the past The information evening will take place online on 13th January 2021 from 7:30 – 9:00 pmYou can register for this event HERE.Places are limited, so please register early to avoid disappointment!
There isn’t much time! Please Contact Now Clann Credo now. The deadline in February may seem like a lot of time to get applications together, but successful applications take time!There is huge demand from clubs and community groups nationwide for these loan facilities. In order to allow Clann Credo time to process new finance requests, the closing date is 29th January 2021. If a club is interested in working with Clann Credo to get their application ready, they need to contact them as soon as possible! The regional Clann Credo representatives can be found here. Alternatively, email info@clanncredo.ie or phone 01 400 2100 for further information.