LTA: Quick Access Loan Scheme

Title of funding stream: Quick Access Loan Scheme

Funder name: LTA

£ available / range: £25,000

Closing date if applicable: Ongoing
 

Key Points:

The LTA’s Quick Access Loan Scheme aims to provide interest-free loans to support venues' investment in facilities, prioritising the installation and construction of covered courts.

Fund objectives:

• Provide covered or floodlit playing facilities to encourage community-accessible play all year
• Retain and increase the number of participants at the venue
• Offer and increase both non-members' pay and play usage and coaching opportunities
• Grow the numbers of adults and juniors on the coaching programme
• Provide seamless booking of tennis courts and lessons through an online booking system

Key facts:

• Interest-free loan
• Open all year round with no submission deadlines
• Decision made within 6 weeks of full application
• Venues must be LTA-registered upon project completion
• There must be an adequate security of tenure at the venue, with the applicant legally able to borrow money
• Online booking for courts and programmes is a requirement, through our online booking system
• Venues will need to develop a satisfactory sustainability action plan
• Venues will need to have in place an adequate sinking fund
• Venues must be properly constituted, not for profit, inclusive and accessible (the LTA Tennis Foundation is unable to fund companies limited by shares)

 

Full details