… MSA clubs to receive significant rebate …
The Motor Sports Association (MSA) will give a rebate worth £580,000 to event-organising clubs this year, in a move designed to bolster the backbone of UK motor sport.
Through continuous careful management of the company’s finances, the MSA Board has been able to approve a 50 per cent rebate of all event permit fees paid this year – not including Certificates of Exemption – totalling £270,000.
In addition, the MSA is able to return to clubs 16 per cent of the insurance fees they paid this year, totalling £310,000. All event-organising clubs collect ‘per capita’ insurance fees from competitors and provide this to the MSA to cover the costs of insurance programmes. The MSA works hard to obtain the best possible insurance arrangements, and at the same time through careful risk management aims to produce a surplus over costs to make a rebate to the clubs.
Rob Jones, MSA Chief Executive, said: “This combined rebate on event permit and insurance fees means a very worthwhile early Christmas present for the clubs concerned. We recognise that some clubs may be struggling to balance their books and we are very pleased to be able to make this refund this year. We hope this will be welcome news among event organisers and will go some way to thanking them for continuing to put on events in challenging financial times.”
News of the club rebate follows the MSA’s announcement of a 12-month freeze for next year in event permit and competition licence fees (at National B and below), which will remain at their current levels in 2015. Per capita insurance fees have also been frozen for the sixth consecutive year.
Following this latest rebate, the total funds returned to event-organising clubs over two years totals more than £1,000,000.