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| RFU financial support for clubs |
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CB PFR funding converted to CB managed Immediate Support Funds
The RFU provides funding to Geographic Constituent Bodies (CBs) to support the delivery of a planned programme of work in the community. Despite there currently being no rugby activity, the RFU will still make the final payment due (which totals c.£600k across the country) for this season, on condition that CBs use this to set up and run an Immediate Support Fund to provide grants to clubs in financial difficulty. An additional £400,000 for the Immediate Support Fund will be available (allocated proportionally across geographic CBs) on the basis that CBs match the additional funding from their reserves. In addition, CBs are free to use any underspend from Q1-Q3 for this fund.
Geographic CBs will be written to separately on Monday 30 March with details of how to access the additional funding, together with guidance and criteria for setting up the fund. CBs will then be able to communicate directly with their clubs on how to access the fund.
Supplemental ticket pot
The supplemental ticket pot usually paid to clubs in June of each year will be brought forward. It is our intention to have these funds in clubs’ bank accounts by the end of next week.
RFU loans
Any club in receipt of an RFU or RFF loan will have their next quarterly loan repayment (April) suspended.
Small loans scheme
A fund of up to £5 million will be available to provide loans to clubs of between £2,000 and £10,000. The aim is to support clubs in the immediate and short term (next few months) to meet major outstanding costs. These loans will be interest-free, repayable over a period of up to three years, with an opportunity to defer the first payment for up to six months. There will be an online process and we aim to have further information on our website by the end of next week.
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