£61MILLION INTERIM SUPPORT PACKAGE
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THE ECB UNVEILS £61MILLION INTERIM SUPPORT PACKAGE FOR PROFESSIONAL AND RECREATIONAL CRICKET
- Financial assistance made available at every level of the game; across counties, boards and clubs
- Package includes early release of£40m to support immediate cash flow challenges
- More than £20m available in interest-free loans and grants to recreational clubs
The England and Wales Cricket Board (ECB) today announced a £61million package to help cricket withstand the financial impact of COVID-19.
The plans detail a number of measures forthe whole sport from elite to grassroots, including the MCC, the First-Class Counties (FCCs)and their County Cricket Boards (CCBs). Local cricket clubs will also be offered support to see them through the coming months.
In accordance with Government advicethe start of the cricket season has been delayed until at least May 28th. A range of options for cricket to begin in June, July or August are currently being modelled.
With revenues impacted across the game – from both cricket and non-cricket activities, the ECB Board today approved plans to expedite payments from a number of areas within its 2020-2021 planned distribution budgets.
Around £40m will be made immediately available through:
- Early release of three months’ (May-July) county partnership distributions to FCCs and CCBs
- The immediate availability oftwo years’ facilities maintenance distribution*
- Funds available unfettered and not restricted to facilities maintenance expenditure
- A further £5.5million to be made available for counties who are not eligible for 2020-2021 ordinary facilities maintenance distributions
- Suspension of international staging fees for four months and waiving of international staging fees payable in 2020 if the match is not played as scheduleddue to COVID-19
An extra budget of just over £20m will become available to the recreational game through a cricket club support loan scheme, grants through the“Return to Cricket” scheme and a 12-month holiday on loan repayments for recreational clubs.
Tom Harrison, chief executive officer of the ECB, said:‘’We would like to thank everyone within the cricket network who is working tirelessly to protect the game during this period of uncertainty. ’’
“We understand these are challenging times and it has been our priority to provide swift and immediate support to all members of the cricket family at every level in England and Wales.
‘’We are fully aware that the situation with COVID-19 will continue to develop, and it will be months before the full financial fallout is made clear. We will continue work with all of our partners to protect the ongoing health of the entire game in the short term and beyond.‘’