Rugby: Loans
The question
To ask the Secretary of State for Culture, Media and Sport, if she will take steps to ensure that second tier professional rugby union clubs are able to continue to operate when Covid-19 loans become repayable.
Answered by Stephanie Peacock
Rugby Union has a vital role to play in our national identity. I recently met with the Rugby Football Union to discuss the future of the sport. My department continues to work with the RFU, representatives of Premiership clubs and Championship clubs, and the wider sport sector to support the ongoing sustainability of elite and community level rugby union.
The RFU is independent of the Government and is responsible for the regulation of rugby union, and for protecting and promoting the financial sustainability of the sport at all levels.
Loan financing of around £5 million was provided to Championship clubs as part of the Sport Survival Package (SSP). The loans were provided on favourable terms, tailored to meet the unique legal and financial circumstances of clubs. DCMS remains in close contact with our loan agents, Sport England, to ensure loans are repaid and borrowers comply with the terms of their loans.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →