Sporting Capital is the first social investment fund in England that focuses specifically on organisations and projects that help to develop communities through sport and physical activity.
The £3m Sporting Capital Fund provides loan funding of between £50,000 and £150,000 to eligible organisations.
They expect to make around 30 to 50 investments by June 2020. The loan funding will be used to help organisations develop new projects, operations and revenue streams.
The goal is to help develop more sustainable community sports organisations. Whilst every organisation’s needs will differ, they expect the funding to be used for projects and activities such as:
• Equipment to support revenue streams
• Recruitment, training and deployment of staff and volunteers
• Equipment to support business functions, including finance, project management and governance
• Other operating costs
Each investment will be tailored to the organisation. Loans will be repayable over 3 to 5 years and a repayment holiday of up to 24 months will be available, giving projects time to generate sustainable revenue before starting to repay the loan.