National League clubs have been presented with three options by the league over financial support to continue the current season.
It was confirmed to clubs yesterday that the £11m package of government support for January-March will be in the form of loans and not grants, as was previously the understanding from clubs, who in many cases, agreed to start the current season specifically on that basis.
Member clubs were asked yesterday by the league for their viewpoint on three options:
- Clubs applying for government loans, with loans repayable at 2% interest over ten years with no interest or repayments for the first two years. Applications to be assessed on an individual basis against strict criteria.
- The National League to take on the loan from the Department for Digital, Culture, Media & Sport (DCMS), to be distributed to clubs as grants. This would impact on future central distributions, due to the National League being responsible for repayment. Grant applications would be assessed based on need.
- Suspending the season, allowing clubs to access the furlough scheme. A decision on how to resume the season to be taken at a later date. There will be no loans or grants available to clubs, though those experiencing financial hardship can submit independent applications to Sport England for support.