As a response to the rising cost of insurance and the various suggestions received regarding Fundraising, Motorsport Ireland invited a group of people to a meeting in Dublin in October 2017. This group have agreed to create a Funding Committee to raise funds to help offset financial risks to the sport and in the future, when the situation improves, the fund will exist to support motorsport as deemed necessary by the group.
The group called itself the Irish Motorsport Support Fund and are independent to Motorsport Ireland with its own directors. Decisions on the use and drawdown of the fund will be controlled by the group.
The group have explored ideas such as raffles etc and have decided to host a fundraising event with the co-operation of Mondello Park on 12th and 13th of May 2018. This is to coincide with the celebration of 50 years of racing in Mondello.
In order for the event to happen, assistance is required from all the clubs. It is intended to run four live arenas at the event to showcase all disciplines of our sport combined with the hosting of corporate stands and stalls to fund the event.