COVID-19: financial planning support for sailing clubs

The RYA is offering guidance and advice to Affiliated Clubs and Recognised Training Centres to assist with emergency financial planning.

The financial planning club guidance includes advice on reviewing income and expenditure, how to utilise savings, plus ideas to help generate revenue.

Clubs and training centres can also access a COVID-19 Financial Toolkit which has been created to support those working on emergency planning and budgeting processes.

The RYA is also asking clubs and training centres to complete a survey designed to help venues to work through some of the help and support currently available. This information will also help the RYA to target the most needed support and guidance and effectively influence major stakeholders including the UK Government.

“We know many clubs will already have existing forecasts or well-developed business plans in place, however these are now unlikely to reflect the reality of the situation ahead,” says RYA Director of Sport Development, Alistair Dickson. “Therefore, it’s important to undertake some urgent planning as soon as possible and we hope that this guidance will provide some support during this process.”