Had the near £750,000 of funding not been agreed, LED Leisure’s operations would not have been viable
A rescue package of nearly three quarters of a million pounds is set to be given to LED Leisure to ensure they can continue to operate as a result of losses incurred by coronavirus lockdowns.
East Devon District Council’s cabinet on Wednesday night heard that the forecasted losses from the implications of Covid-19 meant that without additional support, LED’s operations would not be viable, and would likely lead to closing of the facilities, particularly the swimming pools.
While leisure centres in Sidmouth, Ottery St Mary, Axminster, Colyton, Exmouth and Honiton had reopened prior to the second lockdown, as well as swimming pools in Sidmouth, Honiton and Exmouth, Broadclyst and Cranbrook leisure centres had remained closed.
While the government has pledged to invest £100m in supporting public leisure centres this winter, no details of the scheme have yet been made available, with East Devon not knowing how much, if any, they will receive.
The cabinet on Wednesday agreed to recommend to full council that an additional subsidy to LED of £732,275 to reimburse their actual net losses incurred to September 2020 resulting from Covid-19 is paid.
They also agreed that from October 2020 a monthly review and payment is then made until the end of March 2021 to cover further net losses incurred, but that the total of any additional subsidy payment in the current financial year shall not exceed £1,339,000.
Original publication 12 November, 2020
Posted on NatCorn 24th November 2020
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