FUNDING Similarities Government Grant PUB? /VOL why? Non Government Grant PUB? /VOL why?

why? Membership subscriptions PRIV X/VOL why? Lottery funding VOL (PUB?) Why? Private Investment VOL /PRIV X Differences Member Loans PRIV X why? Financial Institution Loans why?

Analyse the key similarities and differences between the objectives and funding in Private, Public and Voluntary sector sport organisations.
In recent lessons, I have researched in the 3 following sectors; Private, Public and volunteer. I have looked into eight key areas of funding, including Government grants, member loans etc. I am now looking into the similarities and differences of each sector; I will explain how some areas of funding are available for some sectors and not for the others.

Government Grants
The first similarities I have found is the government grants for public and volunteer sporting organisations, they are both eligible for these grants which they do not have to pay back due to the fact they are non profit sporting organisations, meaning that they will not be able to invest into their club and look for a gain of income from it. Volunteer organisations fit the criteria for the Government funding, local sport teams have coaches and other members of staff who work free of charge just to give back to the community and they are not looking to turn the club into a profitable club meanwhile public sectors such as Sport England are provided the money from the government and lottery which enables them to provide money to Sport Governing bodies throughout the country which will allow sports to progress. The government also wants to be able to provide schemes to help aid the development of youth sportsmen and women. Larkhall Athletic is provided money to help cover the costs for the facilities they have and the protection of the players they have in the squad. This allowing the club to host its own events and fundraisers if they wanted to, it also allows people to come along and play weekly.

Non-Governmental Grants
Both Public and volunteer organisations are eligible for non-government grants because, the same as government grants, they are not looking to gain any profit from the investment. These grants are provided by a company/organisation which is not in any way related to the Government, for example; Sports England is a public organisation, they receive some money from the government for Grassroots sport but most of their money is provided by the National Lottery. Volunteer organisations can receive grants from companies other than the government, unfortunately I could not find out whether some local sport teams have received non government grants as some do not advertise the investments made into the clubs.

LIAM ALFORD

Membership Subscriptions
A membership subscription is a small fee which is paid by the person to cover costs such as travel, facilities and insurance for the players. Subscriptions are mainly used in volunteer ran clubs as the players for the club have some form of transport to games and if they get injured, they are covered by F.A insurance, Volunteer clubs such as football or Rugby teams, the players are required to pay around 2/3 a week when there is training and a match to cover the costs of hiring the facilities, lights and possible travel options to matches, but some team ask for a set deposit, this could range from 20-50 for under 18 teams with a further 10 or so per month, from October to April. Membership subs are also used in private businesses such as gyms, people who sign a contract to join a gym have to pay monthly to cover costs of things such as, electric, use of equipment, staff and most important of all insurance just in case someone injures themselves, without insurance, if someone is injured they could file for compensation.

Lottery funding
I have found that Lottery funding can help provide money to many companies across the country, mainly consisting of sport related schemes; the money comes from public people buying tickets and other gambling related to the lottery. The Lottery provide money to sporting bodies such as Sport England and UK Sport, they then set a criteria for sporting governing bodies which consists of things such as participation numbers, improvement over 4years, if a sport fits the criteria they could have money invested into them which will enable the sport to progress and attract larger amounts of people to help them reach their targets. I have looked into a local volunteer football club, Larkhall Athletic FC, they have received money from the Lottery funding but this was in 1996, I do not think they have received any since, they could still be eligible.

Private Investment
Private Investment is provided by businesses that make all of their income through product sales and other deals to secure profit, these can then be used to invest into the business further, e.g. opening more shops, introducing new produce etc. or invested into sport clubs or youth centres, with the deal in place, the company could want advertisements. A prime example of private investment would be Bannatynes Gym which is owned by Duncan Bannatyne, the money he makes from deals and profits he makes from his business portfolio will be used to invest into his company to help create more funds. Youth centres and sport teams also attract private investment which can be used to build more facilities, buy new kit etc. but in return for the funding, the brands name, logo will be on kit, minibuses, both ways can benefit from this deal, as funding may be secured for a few years, meaning that youth sport or other volunteer ran groups can survive meanwhile the adverts for the business could help boost sales.

LIAM ALFORD

Member Loans
Volunteer and public sectors are a non-profit organisation, meaning that if they did borrow money from someone they couldnt make the money back to repay as they will have to charge people other than membership subscriptions, meaning that they could not be seen as a volunteer/public organisation.

Financial Institutional Loans

The first difference I found between Private, Public and volunteer sectors is that only the private sector fit the criteria for financial Institutional loans, this is a loan given to a business to help them build and progress, possibly allowing them to make more money, the reason public and volunteer sectors do no fit the criteria is because they do not own any land or facilities which they could use as a way to secure a deal. For example, if a company such as Bannatynes gyms applied for a loan of 2.5M, the bank would look into how much the company makes per year, how much land and property they own etc. this is a way to let the bank know if the applicants could afford to pay the money back, and if they dont, they have property and land to take from them to make the money back.

LIAM ALFORD

Objectives Similarities Organisational Aims PRIVX/ PUB?/VOL Target Groups PUB?/VOL Extent of Partnerships with other sectors PUB?/VOL Differences Pricing Structure The Sport(s) with which each is associated PRIVX/PUB?/VOL

Here, I will explain some of the similarities I have found between the funding section of Private, Public and Volunteer sectors, these include; Target audiences and Extent of Partnerships with other sectors.

Organisational Aims
Firstly, similarities. I have found that the organisational aims for private, public and volunteer sectors are close to equal as they both look to provide an excellent service; assistance and support to people participating in sport, either recreationally or competitively.

Target Audience
Secondly, public and volunteer organisations tend to work with a wide range of people, that being; gender, age, disability or not, ethnic background and people with health issues etc. Private companies such as gyms do not accept people with health issues such as heart problems unless it isnt severe, meanwhile volunteer groups can accept people with health problems, but only on activities are not very challenging. Also, there are sports, music and artistic opportunities for people who want to join and improve in a certain area or just want to take part for the fun. Public sectors ensure that they include people from all areas and of all different ages, gender etc. By doing this, more people can become independent and take an interest in something they did not think about before; this will also increase fitness levels and further knowledge. Trips are also available for the older generations such as days outs to museums, zoos and low intensity sports like Badminton, bowls etc.

Extent Of partnership with other Sectors

The penultimate similarity I am going to make is the Extent of Partnerships with other sectors, both public and volunteer sectors work closely together as one provides the funding and schemes, meanwhile the volunteer sector provides the frontline assistance and support, the main aim for the volunteer groups is to increase the participation of people playing sport to add to the declining number of people participating in sport. With an increased number of people taking part, this will create a lasting legacy from the Olympics, which takes part in the summer of 2012 and the demand for medical advice will lower due to a more people becoming fit and healthy, the funding provide by the public sector allows further sporting opportunities, this giving a greater possibility to get more people included.

After looking into the similarities of the sectors and their objective aims, I will now look at the differences between the three; I am going to look at the sport(s) with which each is associated with.

LIAM ALFORD

Pricing structure
Private organisations charge for use of equipment and memberships meanwhile volunteer organisations offer free use of facilities and equipment, prices vary throughout gyms, the average cost per month for a gym contract is 30 , but can even go as high as 100 in popular Gyms. Companies such as Bannatynes gym charge for the use of their equipment unlike places like Southside Youth Centre which allows people to come along and use all equipment for free as they are a non-profitable organisations. Bannatynes gym hold a monthly contract, where members have to pay monthly by direct debit to guarantee the company the money.

The Sport(s) with which each is associated

Private, Public and volunteer sectors work with a variety of different sports, for example, sports England, they invest into multiple sports throughout the country such as; Football, Rugby, netball, Lacrosse etc. meanwhile sectors such as volunteer they may only work with a few sports which are popular, these mainly being, Football, Rugby and basketball. This result down to the target audience, people will want to play popular sports instead of sports which are trying to increase participation. Furthermore, private organisations only tend to deal with a specific sport, for example, a gym will have an aim to increase peoples fitness and improve peoples health.

LIAM ALFORD