Gymnastics Ireland secures €1.38million from the Sport Resilience Fund
2nd November 2020, 14:20p.m. | National
Following the submission of a detailed application covering club and NGB needs in September 2020, Sport Ireland has today announced the allocation of €1.38million to Gymnastics Ireland from the 'Sport Resilience Fund'. This represents the 3rd largest National Governing Body (NGB) allocation outside of Football, Rugby & the GAA (who are catered for through a separate strand of the funding). The 'Sport Resilience Fund' was established by the government earlier in the year in recognition that the sports sector is one of the worst impacted sectors by Covid19.
The €1.38million is allocated as follows:
- €1million in club support funding to cover 2020 club losses, Covid19 operation investments and insurance costs
- €380k in support for Gymnastics Ireland as an NGB to cover potential year-end 2020 losses plus investment in new e-learning and online video streaming platforms
Welcoming the announcement, GI CEO Ciaran Gallagher had the following to say...
'The past 8 months have been incredibly difficult for our sport. Our commercial club-based membership model has been hit hard by various periods of lock-down and the restriction of 50 persons limit for indoor activity. Despite this our innovative clubs have proven to be resilient and have done what has needed to be done in order to keep going, albeit at great financial cost. We are hugely relieved to be able to provide this financial support to our clubs at a time when they need it most. On behalf of all our clubs & members I would like to sincerely thank Sport Ireland for this support investment. While we still have much to contend with ahead of us this is without doubt a good day for our sport.'
We will be in contact with our club network in the coming days with further details.