The funding, which will largely be composed of loans, will be shared among several sports – from national governing bodies through to clubs – that will be most severely impacted over the winter because of coronavirus.
Both rugby codes and horse racing are among the 11 sports that will receive the funding, but the Premier League and the English Football League have missed out, along with cricket.
Nigel Huddleston, Sports Minister, said:”Over the past few weeks we have worked tirelessly with sport governing bodies and clubs across the country to fully assess what support is needed, as a result of the decision to postpone the return of fans.
- Britain’s heavyweight, Anthony Joshua fully ready to “absolutely destroy” Kubrat Pulev – Eddie Hearn
“We know the vast majority of sports – many of which operate on tight financial margins – have been making serious cost reductions, such as locking down grounds, taking up the furlough scheme for many staff and halting excess payments.
“Whilst the Government’s overall economic package has provided a significant buffer, it is absolutely right that we now intervene to protect entire sports, and the communities they support, as we navigate this pandemic.”