First Wave of Large Scale Sports Funding Revealed

Update Friday, January 10th, 1500

Connacht Rugby and Leinster Rugby in partnership with Horse Sport Ireland and the RDS have both been approved for a grant of €10 million to develop regional grounds at the Sportsgrounds in Galway and the RDS Main Arena.

Connacht Rugby has additionally been advised that the Government is to fund a further €10 million investment from the Ireland 2040 fund meaning that the project will now go ahead.

Munster Rugby has also been quick to react positively to their significant contribution to the development of new facilities at Irish Independent Park.

Dundrum South Dublin Athletics Club has been granted over €5 million towards the cost of a new track and multi-sports facility adjacent to the M50 in South Dublin.

Sport for Business assisted in preparatory work for this submission, based on work we did highlighting the importance of collaboration between sports.

A total of €77 million is being made available in an initial tranche.

We will follow up with more detail on these and other success stories from the grants, and analysis of where the money may not be enough to advance the projects on Monday morning.

 

Department Statement issued on Friday, January 10th at 1230

Shane Ross T.D., Minister for Transport, Tourism and Sport, and Brendan Griffin T.D. Minister of State for Tourism and Sport, today ( 10 January 2020) announced the first set of allocations under the new Large Scale Sport Infrastructure Fund (LSSIF). The grants total €77.4 million with 25 individual projects benefitting.

The successful applicants were decided following a rigorous assessment process with the highest scoring applications receiving grant offers. All applications under the fund had to be supported by a National Governing Body for Sport (NGB) or a Local Authority. The priority given to projects by the relevant NGB(s)  or local authority was one of the key determinants of the assessment score along with factors such as the likelihood of increasing sport participation, how the proposed project would improve high performance and whether the proposed development would benefit spectators.

Commenting on the announcement Minister Ross said: “The establishment of the LSSIF confirmed the commitment expressed in the National Development Plan and the National Sports Policy 2018 – 2027 to increase investment in sporting facilities across the State. Before the establishment of the LSSIF, Government funding for large sports projects was decided on an ad-hoc basis. The fund provides a robust and transparent mechanism for the allocation of funding to develop the best high quality sports facilities across all regions.”

Minister Griffin said “This is a very good day for Irish sport. Our priority remains to get as many people participating in sport as possible. The successful projects announced today include a mix of sports stadia which will be graced by our elite athletes but also swimming pools and other sports facilities which will be used by all ages and abilities. Of course, seeing their sporting heroes competing at iconic venues also inspires young people to participate in sport”.

While the Government is investing €77m the full cost of all projects will be in the region of €221m. A full list of the successful applications is attached.

All of these projects will now undergo further assessment and a due diligence procedure under the evaluation procedures for the LSSIF.  The extent and nature of the validation and due diligence process will vary depending on the size and nature of a project to include a detailed analysis of the Financial and Economic Appraisal of the project as appropriate.

While today’s announcement relates to those projects that applied for funding for construction of facilities, a further announcement will be made in the near future in respect of Stream 1 applications. These applications were for grants towards the cost of developing projects to the point that an application for delivery phase funding can be submitted in the future.

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