England and Wales Cricket Trust
Interest Free Loan Scheme Guidance Notes
Ver 4 March 2008
INTEREST FREE LOAN SCHEME
1.1 The interest-free loan scheme aims to finance capital projects, including renovations, to improve facilities which
contribute to increased participation in cricket.
2.1 Loans will be interest free. If a club defaults on a repayment or is in breach of any of the loan terms, the whole of the
loan amount may become immediately repayable or become subject to interest until the outstanding amounts are
2.2 The maximum amount of a loan shall be £50,000 and the maximum term shall be 5 years. Any applications for loans
greater than £50,000 or for a loan with a repayment term of greater than 5 years may be considered by the England
and Wales Cricket Trust and the England and Wales Cricket Trust shall have an absolute discretion to agree or
reject such an application.
2.3 The loan shall be repaid in equal quarterly instalments over the period of the loan. The repayment schedule will be
agreed during the application and acceptance process.
2.4 If a Club is seeking funding from the interest-free loan scheme it cannot exceed 75% of the total costs of the project.
2.5 Legal and professional fees will not be covered by the England and Wales Cricket Trust Loan Scheme. Loan
applications are only applicable to the works planned. Fees not covered by the scheme are for example; Architects,
Surveyors and Third party Consent even where required as a condition of the grant of an award under the ECB
Grant Aid Programme. The loan provided by the England and Wales Cricket Trust may not be used for these costs
but such costs may be considered as ‘in kind’ contributions and part of the partnership funding when considering
whether an award will be granted.
2.6 The England and Wales Cricket Trust may in its absolute discretion require that;
A Club provide a legal charge over prope