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Old 21st January 2020, 20.35:01   #27-0 (permalink)
WrexhamO
Due a Testimonial


 
Joined: Jan 2007
Racecourse Spot: MRS
Real Name: Steve Gilbert





Default Re: Director updates on twitter

Quote:
Originally Posted by GiggityGiggityGiggityGoo View Post
'Football Stadium Improvement Fund became available to us to make application as of June 19 - options appraisal underway'

The FA has been working in consultation with leagues in the FA National League System to produce a standardised National Ground Grading Document covering ground grading requirements at each 'step' of the FA National League System. You can find the grading documents at the following page on The FA's website:
Ground Grading

It is beneficial to have an ground grading report from your league before proceeding with a FSIF application.

Security of tenure
To be eligible for funding, your club must be a member of the English National League and either own the freehold of the site you want to develop or have a lease with at least ten years or 21 years unexpired as appropriate i.e. 10 years for clubs applying for up to £150,000 and 21 years for clubs applying for £150,000 and over.

Any grant over £100,000 (or less if there is a particular concern) will require a legal restriction or charge placed on the land title. Associated legal fees for setting-up would be included as part of the eligible cost.

The FSIF reserves the right to demand repayment if a grant aided facility is not in use for a minimum period of time. For any grants less than £150,000 this would be for 10 years. Above £150,000 the period would be 21 years on a sliding scale. For example, 100% would be taken back during the first 10 years but reducing to 50% by year 15 and just 10% by year 19. The minimum unexpired lease would need to correspond with the restriction/charge duration.

Financial information
All clubs are required to submit accounts for the previous three years and a copy of the club’s most recent bank statement.

A five year income and expenditure forecast should be provided with the application, if:

the application is for works to develop the club's hospitality facilities or for clubhouse improvement work which would either:
provide substantial changes to the operational practise when generating additional revenue
the development could have a material effect on liabilities such as utilities, business rates, staff costs, maintenance etc.
the application is to support the club moving to a new site
the grant request is over £100,000
some or all partnership funding is in the form of a loan, whereby the club will be required to demonstrate its ability to meet the repayment terms.


Please note the above is only applicable for funding requests over £20,000.

The income and expenditure forecast template can be downloaded from the 'Useful publications' section above.

Supporting documents
At the point of application all applicants are required to submit the following documents:

Governing documents
Past three years accounts
Copy of the club’s most recent bank statement
Evidence of partnership funding


More lies? As far as I'm aware this funding has always been available to us, I've mentioned this fund before and can't see how we wouldnt meet requirements.am I right in saying Platform 1 recieved funding from this improvement fund too?
There is a maximum £400,000 available to us over a rolling 5 year period.
Therefore we must have received £400,000 in total in the previous 5 years.
What for?