Repayment obligations

Standard repayment

What do I have to repay?
- Sport England issues formal communication ahead of each deadline confirming your payment for that period.
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- Details of your loan schedule can be found in your loan agreement. The schedule outlines the total borrowing and six-monthly payments that are required to settle the debt.
- As agreed at implementation, your first repayment includes the total interest accrued during the repayment holiday period, alongside your initial capital repayment.
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When do I have to repay?
- Standard repayment dates are 31 March and 30 September each year. However, please refer to your loan schedule and communications where appropriate as yours may vary. Contact Sport England if you require a copy of your schedule.
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- Payments can be made reasonably in advance of these deadlines to ensure prompt payment but will be logged as if received on the required date.
- This approach will be taken to avoid the requirement to re-execute your loan agreement, as a result of minor changes to your repayment schedule. This avoids unnecessary cost and time to execute, which may be recharged to you as the Borrower.
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Why do I have to repay?
- You have received financial support from DCMS via a repayable loan agreement. This requires you to make your scheduled repayments as outlined in your loan agreement.
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- DCMS is funded by the public purse, and aside from the obligations of the legally binding contract signed by you, it is required to ensure it collects all obligations in relation to taxpayers’ monies.
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How do I repay?
- Payments should be made directly to the Sport England account, as per guidance in the repayment communication.
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- Sport England would encourage you to take advantage of the Direct Debit option to ensure repayment dates are not missed and default interest incurred. Please contact us if you wish to proceed on this basis.
- Failure to make the scheduled payment by the deadline is an event of default. Please see the enforcement and default section for details.
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Early, partial or full repayment

What is the process?
- Dependent upon the terms of your agreement, you can pay a minimum of 10% or 20% of the total loan as a partial repayment at any time. If you would like to make a lower repayment, please contact Sport England to agree an approach ahead of making any payment.
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- However, in practice, if you wish to make a partial repayment of any amount, please contact Sport England to discuss the matter as we may be able to agree amounts lower than the designated % limits on a case-by-case basis.
- To note, partial repayment may require an amended loan agreement, which may have marginal administrative costs that may be passed on to you as the Borrower.
- In repaying the whole amount, you will agree a payment date with Sport England, who will provide you with a settlement figure aligned to that date.
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When can I pay early?
- You may make a partial repayment or pay off the entirety of your outstanding debt at any time – subject to DCMS agreement.
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- You are required to provide 10 working days' notice to Sport England ahead of making the payment. This allows for Sport England to manage the consent matter with DCMS appropriately and minimise administrative burdens on DCMS and you as the Borrower.
- If you would like to repay the whole amount, to exit the loan scheme, you will agree a payment date with Sport England, who will provide you with a settlement figure aligned to that date.
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Why would I pay early?
- The benefit of early repayment to you is a reduction in the overall interest you would pay over the life of the loan.
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- Full repayment would see you only pay interest accrued to the date of repayment.
- On full repayment you would be released from your obligations under the loan agreement (apart from those which require you to keep records etc) and any associated security would be released by DCMS.
- If you are not up to date with your required repayments, this is an event of default and DCMS may seek to take enforcement action, which could include early repayment of your loan in part or in full. Sport England would discuss remediation options for the default with you ahead of any action being taken.
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How do I pay early?
- If you wish to make a payment over and above your standard repayments, please contact Sport England.
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- Payments are made directly to the Sport England Account.
- Email us at [email protected] if you wish to make a payment.
- If you are already speaking with a member of the Sport Survival Team on wider matters, you can contact them directly to discuss your payment proposal.
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Other chapters in this Playbook

Partial or non-repayment

What if I do not repay?
- If you are at risk of not being able to make your scheduled repayment, contact Sport England via [email protected] at your earliest opportunity.
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- Failure to make your scheduled payment in full is an event of default – see the enforcement and default section for further details. It is better to engage with your Relationship Manager at Sport England at the earliest opportunity if you anticipate difficulty in making your loan repayment. This allows appropriate time to assess and review your request on these matters.
- If a partial repayment is made, the funds received, as per the terms of your loan agreement, will be used to settle any outstanding interest accrued on the loan first, and any remaining funds will be used to pay down the capital/principal sum.
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How do I make my outstanding payment?
- You can settle your outstanding payment at any time via the standard Sport England account route.
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- If you intend to settle an outstanding payment, please inform Sport England by emailing [email protected].
- Once your outstanding loan repayment is received by Sport England, default interest will stop accruing. Please see the enforcement and default section to confirm how the default interest payment should be made.
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Standard repayment

What do I have to repay?

When do I have to repay?

Why do I have to repay?

How do I repay?

Other chapters in this Playbook

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