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Community Loan Information for Sports Capital Grant Applicants

Dated: 13 January 2021

Clann Credo Sports Capital Presentation
Practical advice on applying for a Community Sports Loan to support an application under the 2021 Sports Capital Grant Programme
 
Information for Clubs and Communities
 
Clann Credo - Community Loan Finance hosted 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. The event took place online on Wednesday 13th January 2021 from 7:30-8:30pm.
 
This event included;
 
  • Practical advice on how to use loan finance effectively to maximise your grant
  • Top tips on applying for a Clann Credo Community Sports Loan - presentation HERE
  • An introduction to your local Clann Credo representative - listed HERE
  • An interview with Fergus Kelleher of Maree Oranmore FC, who have combined grants and loans to develop their facilities in the past - presentation HERE
 
A recording of the event can be found HERE (Password ^2fKp*Fv). 
 
Wexford Local Development & Sports Active Wexford hosted a Sports Capital Programme Guidance workshop on the evening of Wednesday, January 20th.  The presentations from the event are HERE.
 
 
Clann Credo – Financing Sporting Ambition!
 
Clann Credo is excited to see a new round of funding under the Sports Capital Programme. 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 older people looking for 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 Fund
 
Clann Credo has a dedicated €10 Million Community Sports Loan Fund available to help sports clubs maximise their Sports Capital grants, and years of experience in assisting clubs to develop their facilities.
 
Clann Credo Match Funding Loans
 
The 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 Loans
 
Sports 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.
 
What can Clann Credo offer my club or community group?
 
  • Clann Credo understand local clubs and groups – check out some case studies HERE
  • Clann Credo have worked with many, many sports codes; GAA, soccer, rugby, cricket, athletics, boxing, basketball, baseball, archery, rowing and many more...
  • No application forms – our expert team will guide you through the process from first vision to final payment
  • Experienced and regionally-based staff – they know your area. Find your local Clann Credo team member HERE
  • No personal guarantees required
  • Affordable interest and repayment rates
There isn't much time! The deadline of 1st March 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, therefore the closing date for new finance requests is 5 pm on the 12th of February 2021.
 
If you think your club or group may require evidence of a match-funding loan, please contact your regional Clann Credo representative now!
 
The regional Clann Credo representatives can be found HERE or email info@clanncredo.ie or phone 01 400 2100 for further information.
 
A recording of the event can be found HERE (Password ^2fKp*Fv).
  


 
 

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