Source of finance - Assignment Example

t, CLA Charitable Trust, Peter Bilton Charity, Peter Harrison Foundation, Steven Gerrard Foundation, Rank Foundation Small Grants and Trusthouse Charitable Foundation. The major sources of funding for the disability sports in the United Kingdom are Sport England, National Lottery Fund and the Big Lottery Fund. Funding for sports is mainly done through the Sport England. Sport England is an organization that monitors and controls sport activities in the United Kingdom. Most of the sport funds that finance sport activities in the United Kingdom pass through the Sport England.

The organization has a number of programs that are applicable to different applicants requiring funding for their sport facilities. First, Sport England has the Inspired Facilities fund of 110 million pounds that offers funding of sport facilities up to 150000 pound grants for development and upgrading of sports facilities. The Inspired Facilities fund mainly aims at improving and refurbishing sport clubs and transforming non-sporting spaces or venues into modern sport facilities. The disability sport project is an eligible project that can be funded by the Inspired Facilities fund from Sport England.

Focusing on the disability sport building project that requires 9 million pounds to be completed, the management of the project can apply for the Inspired Facilities grants thus receiving a funding of approximately 1500000 pounds (Sport England website updated 2015). Sport England provides funding for disability sports through the Strategic Facilities Fund program. Sport England has allocated 30 million pounds of its budget to the Strategic Facilities Fund that ensures that local sports projects acquire specific facilities they require in the development and innovation of the sports facilities.

The Strategic Facilities Fund offers grants ranging from £500,000 to £2,000,000. The Strategic Facilities fund may fund the disability sport facility project £2,000,000 (Sport England, 2014). Sport