A funding package of up to €70 million was announced on Friday 19th June to support the sport sector, which has been significantly impacted by the Covid-19 pandemic. The funding package will be administered by Sport Ireland, which is the statutory body with responsibility for the development of sport.
This funding package includes;
- Funding of up to €40m for the three main field sports organisations – the FAI, the GAA and the IRFU.
- a Resilience Fund of up to €10m to support the National Governing Bodies of Sport (NGBs),
- a Sports Club Resilience Fund of up to €15m to support clubs, and
- a Sports Restart and Renewal Fund of up to €5m.
The allocation of this funding to individual NGBs or clubs has not yet been determined. The funding will be invested through new grant schemes which are currently being developed. It is expected that the precise terms of each of the new grant schemes will be announced by Sport Ireland later this month and Sport Ireland will announce an open invitation to applications from funded bodies for assistance under the grant schemes.