All clubs affiliated to Bowls England are eligible to apply for a Development Loan.
This relates to any item such as clubhouse improvements, fencing, car parks and changing rooms and loans of up to £20,000 (free of interest), repayable over up to eight years, are available.
Applications must be made before any work on the ‘project’ starts and should be made in the first instance to Bowls England with details of the project, its total cost and how it is envisaged that the costs will be funded. The names of two or more members who would be prepared to stand as guarantors for the club for the loan and administration fee must also be supplied.
In addition the following information is requested:
A short history of the club and a copy of its latest annual accounts;
- Details on current membership levels (playing, social, men, women, etc);
- How much the Club wishes to borrow and over what period it proposes to make repayments;
- Any other information, which may be helpful to Bowls England when considering the application, should also be included at this stage.
The granting of any loan under either scheme is dependent on Bowls England having unallocated funds available at the time an application is received. A documentation fee is charged as a contribution to Bowls England’s administration costs.
For more information about a Development Loan for your club please e-mail: email@example.com
All clubs applying for a Development Loan must have been affiliated to Bowls England for a minimum of three years and should any club in receipt of a development loan cease to be affiliated during the repayment term, the full loan amount becomes repayable immediately.
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