Budget 2020 – Irish Sport Reaction

The Federation of Irish Sport has welcomed the increased investment in sport in Budget 2020

“We welcome the increase of €5.5 million in sports funding in Budget 2020,” said Federation CEO Mary O’Connor

“Most notably, within the overall budget increase, the allocation of €65.6 million in current expenditure is warmly welcome.”

“In July 2018, the Government published its first-ever National Sports Policy which set out a ten-year plan to enhance and develop sport and physical activity in Ireland. The National Sports Policy 2027 enshrined the integral role played by the National Governing Bodies of Sport (NGBs) and Local Sports Partnerships (LSPs) in delivering on the Government’s vision for sport in Ireland. The increased funding for our NGBs and LSPs, as outlined in Tuesday’s 2020 Budget, will have a significant impact in funding the people and programmes that allow sport to happen across the country each week.”

“Sport matters. It is an essential contributor to the Exchequer, the community, social inclusivity and participation, health, and tourism. Critically, investing in sport makes sound economic sense too.”

“Earlier this month, the Federation of Irish Sport, in partnership with Investec, published a research report into the economic value of sport to the Irish economy. The report stated that for every €100 invested in sport by Government, the Exchequer receives up to €195 in tax revenues on sports-supported expenditures and incomes.”

“This clear economic rationale highlights how the increased State funding for sport in Budget 2020 will be of benefit to the Exchequer in the long term.”

“We look forward to working with the Minister for Transport, Tourism and Sport, Shane Ross TD, the Minister of State for Tourism and Sport, Brendan Griffin TD, and their departmental colleagues in delivering upon the actions laid out in the National Sports Policy 2027 and ensuring its goal-term success.”

Image Credit: Inpho.ie, Tommy Dickson

Image Credit: Inpho.ie