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The IRFU are to make €500,000 available to the Club Game

THERE was some good news for local clubs this evening with the Irish Rugby Football Union announcing that they will make €500,000 available to clubs in light of the Covid-19 crisis.
The statement says: “Following a review of its financial position, the Union has agreed to the funding and Domestic Game Director, Colin McEntee, will be advising clubs how the fund is to be applied as soon as is practicable.
“The IRFU has confirmed the funding directly to clubs today in a communication that provided them with additional guidance and advice in relation to the on-going operation of their clubs during this unprecedented crisis.”
The benefits to the clubs will include the following:
1. We have agreed to funding of €500,000 to be made available to clubs. We will come back to you with further detail as soon as is practicable.
2. We will put in place a moratorium on all club loan repayments for four months from April 1st.
Loans in excess of €4 million have been made available to clubs by the IRFU under its current Financial Assistance Scheme. A moratorium on all club loan repayments will be put in place for a period of four months, effective from April 1st, 2020. This will benefit the 56 clubs with payments outstanding to a value of over €150,000 during this period.”
The clubs will be playing their part by drawing on any government assistance available to them as there are a range of support schemes for organisations impacted financially from coronavirus.
The Department of Business, Enterprise and Innovation has outlined a number of Government supports for COVID-19 impacted businesses including:
• Credit Guarantee Scheme
• Loans for microenterprises
• €200m SBCI COVID-19 Working Capital Scheme
• €200m Package for Enterprise Supports
• Advice for engaging with revenue, checking insurance covert, talking to your bank and taking immediate steps to manage your cashflows.
The Community Foundation Northern Ireland has established a Coronavirus Community Fund. If your Club is supporting the elderly (50+) in any way, you can apply for emergency funding.
The Begin Together Fund is open to groups in Northern Ireland and Republic of Ireland that support the physical and/or mental wellbeing of their communities. The application deadline is 31st March. However, this may come under review.
The IRFU are in ongoing contact with Sport Ireland and will provide updates with specific information on how this relates to rugby.

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