Premier League announces £25m extra funding for lower leagues
The Premier League have today announced additional funding available for clubs from League One down to the Vanarama National League North/South.
The funding totals £25 million over the next four years and will help 112 clubs in the lower divisions in their continued recovery from the COVID-19 pandemic.
The 48 EFL clubs will share a pot of £20 million while an additional £5 million is being shared amongst 66 clubs from the three divisions in the National League.
Richard Masters, Premier League Chief Executive said: “We are delighted to be able to provide additional support to EFL and National League clubs at a time when the whole of football is looking to return to normality.”
Grimsby will be helped by this extra funding, however there are clubs such as Dover Athletic, who will be more in need of the support.
National League Chairman Jack Pearce said: “This latest announcement is brilliant news for National League clubs.
“We welcome the additional funding which comes after the Premier League provided funds during the pandemic that were crucial to the livelihood of clubs.
The National League have announced that their amount of funding will see £2 million being shared amongst teams this season, with £1 million then shared every season until 2025.
The funding will be split 50:50 between the National League and the lower North/South tier.
The new funding is part of the additional £100m of investment to which the Premier League has committed over the next four years in order to provide security and continuity to lower-league clubs, and help develop the game.
Other areas which will be helped by this funding include developing the women’s and girl’s game, enhancing community football facilities and projects that help the wider game.
Mr Masters added: “We look forward to working with our football partners to provide more important financial assistance in areas where it is truly needed, which will continue to make a difference to those clubs impacted significantly by COVID-19.”
Sports Minister Nigel Huddleston said: “We took action earlier this year to secure the financial position of the Premier League by freezing the broadcasting rights to help weather the storm caused by the pandemic.
“It’s great to see the Premier League delivering on its £100m commitment to support the wider football family with an initial £25m down payment for this season for clubs in League One and Two and the National League.
“The Premier League has an important role to play in supporting the game beyond the top tier and this investment will have a positive impact in local communities, help grow the women’s game and help unearth the next generation of talent.”