Amateur sports clubs to get tax breaks
New tax breaks are being offered to amateur sports clubs in a bid to stem the growth of obesity in young people.
Obesity currently costs the economy £2bn a year, which is set to increase because 70% of young people give up sport after leaving school, the Financial Times reported.
But sports minister, Richard Caborn, aims to introduce measures that will help out cash-strapped sports organisations. The initiative will give clubs mandatory rate relief of 80%, with many eligible for complete exemption.
‘Increasing levels of participation in sport is in our interest because it is in the nation’s interest,’ said Caborn.