Motorsport Ireland to receive Sport Ireland COVID-19 funding for 2020
Motorsport Ireland will receive €465,000 as part of the Sport Ireland COVID-19 Supplementary Scheme, with €210,000 allocated under scheme 2 for National Governing Body (NGB) support and the remaining €255,000 to support our affiliated Clubs directly under scheme 3.
The announcement was made by Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media, Catherine Martin TD, and Minister of State for Sport & the Gaeltacht, Jack Chambers TD, today with Motorsport Ireland receiving a share of €5,804,828 funding divided amongst 32 NGBs.
The Allocation Breakdown of Motorsport Ireland’s €465,000 in funding will be as follows:
- 2020 loss on Licence Revenue: €110,000
- Insurance Support: €100,000
- Club Losses & Support: €255,000
John Naylor, President of Motorsport Ireland: “Motorsport Ireland welcomes Sport Ireland funding of €465,000 in respect of the COVID-19 Grant Scheme. The scheme 2 NGB support funding will enable Motorsport Ireland to recover revenue losses experienced due to lack of competition, while also helping to support our significant insurance costs. It is anticipated that scheme 3 club support funding will be me made available to affiliated clubs during the first quarter fort 2021 to assist them for losses associated with the pandemic in 2020. Application forms and instruction on how to claim funds will be issued to each club in January. We take this opportunity to thank John Treacy and Shane Califf in Sport Ireland; Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media, Catherine Martin TD; and Minister of State for Sport & the Gaeltacht, Jack Chambers for this support.”
