FIM Projects financing

FIM Projects financing Webinar, 14 April 2021

Agenda

• FIM grants and contributions system

• FIM Fund for the Promotion of Motorcyclists’ Activities

• Use of the Fund for the Promotion of Motorcyclists’ Activities

• Projects’ financing, approval management, monitoring and reporting

• Projects subsidies’ procedure

• How to prepare a successful request (request and report examples)

• Questions & answers

Poll 1

Agenda








How many names??

• FIM Fund for the promotion of motorcyclists’ activities

• Grants and contributions

• Subsidies

• CMRF

• Project contribution

• Financial support

Grants and Contributions

Objectives of the FIM grants’ and contributions’ system

The FIM grants’ and contributions’ system must meet the following criteria:

• Be as fair as possible to all the FMNs and CONUs affiliated to the FIM.

• Be evolutionary according to the experiences, needs and possibilities

of the FIM.

• Permit to define in advance and in an exact manner the total amount

of the grants and contributions to be allocated.

• Permit the FIM to know which amounts are allocated to which FMN and

CONU.

Forms of financial contribution

The FIM allocates annually a substantial part of its revenue to the different grants and contributions, which present themselves under three different forms, which are:

• Event grants to the FMNs organising certain sporting events;

• Administrative grants to CONUs

• Allocations to a Reserve Fund for the Promotion of Motorcyclists’ Activities (project contributions).

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Poll 2

2017 2018 2019 2020 2021

Approved contribution 219110 587665 660000 894000 1000000

0

200000

400000

600000

800000

1000000

1200000

Euro

s

Approved contribution

How much are we talking about??

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

2017 2018 2019 2020 2021

Africa

Asia

Europe

Latin America

North America

Oceania


81%

19%

AFRICA

CONU

FMNs 72%

28%

ASIA

CONU

FMNs

6%

94%

EUROPE

CONU

FMNs

91%

9%

LATIN AMERICA

CONU

FMNs58%

42%

OCEANIA

CONU

FMNs

FMNs vs CONUs - Fund Allocation


Fund for the Promotion of Motorcyclists’ Activities

This Fund is available to the “Committee for the Management of FIM Reserve Funds” to promote projects that will contribute to developing motorcycling throughout the world in accordance with the FIM’s strategic objectives. The use of all or a part of this Fund is submitted to the “Committee for the Management of FIM Reserve Funds” for approval.

Committee for the Management of FIM Reserve Funds (CMRF)

The “Committee for the Management of FIM Reserve Funds” is composed of the President, the Chief Executive Officer and the Chair of the FIM Finance Committee. A member of the Administration officiates as Secretary of the “Committee for the Management of FIM Reserve Funds”.

FIM PRESIDENT

Jorge VIEGAS

FIM FINANCE COMMITTEE

Rob DINGMAN FIM CEO

Françoise EMERY

FIM OPERATIONS DIRECTOR

Damiano ZAMANA

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Use of the Fund

FIM project subsidies are intended to develop motorcycling throughout the world in accordance with the FIM’s strategic objectives. The projects selected must meet several criteria. They must:

a) contribute toward the attainment of the FIM’s strategic objectives, that is to say they must form part of one of the strategic programmes approved by the FIM BD

b) engender tangible and sustainable results for the FIM

c) have a clearly defined time scale

d) provide a detailed financial plan

e) be financially affordable for the FIM, that is to say not exceed the financial resources available in the Fund for the Promotion of Motorcycling Activities.

Use of the Fund

The projects that benefit from FIM subsidies are defined by the FIM Administration on the basis of the following elements:

a) The FIM Strategic Plan

b) The proposals arising out of the FIM BD, FMNs and CONUs

c) Cost-benefit analysis

The projects are steered by the FIM Administration with, according to needs, the participation of CONUs, FMNs and/or external partners. A detailed report on the follow-up of each project will be presented to the CMRF at the end of the project and at least once a year for initiatives to be implemented over more than one year.

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Poll 6

Financing of the projects

The selected projects are financed by the FIM Fund for the Promotion of Motorcycling Activities.

This fund is fed through the mechanism of the FIM Operating budget.

The projects can be launched at any time once the CMRF has given its

approval; the Administration can set up a timeline for receiving

requests.

Approval of the projects

The CMRF reviews the projects submitted to it for approval. The CMRF may, for each project, decide one of the following:

a) to approve the project and the amount requested

b) to approve the project and modify the amount requested

c) to ask for changes to the project with a view to a subsequent review

d) to refuse the project.

Management and monitoring of the projects

• The projects are steered by the FIM Administration. A suitable team shall be set up to meet the requirements of the project.

• The Administration may involve CONUs and FMNs depending on the specific nature of each project.

• Each project undergoes detailed monitoring by means of an evaluation report on the project results.

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FIM Mission, Vision and Values 2020-2024

Vision 2024

By 2024 the FIM is globally recognised and respected for:

• Accessible, fair, safe Motorcycle Sport and developed globally for all

• Sporting excellence in cooperation with FMN´s and World Class events under FIM jurisdiction

• High quality education through FIM Academies for sport officials and certified trainers in each discipline

• Being a world leading, efficient and sustainable responsible organisation

• Strong cooperation with the industry for innovation, safety and sustainability

• Defending motorcyclists’ interests and promoting responsible riding

Main criteria for projects financing

Priorities are as follow:

1. Support the functioning of the CONUs;

2. Development of continental championships with a focus in Africa, Latin America and

Asia;

3. Promote the development of new sport disciplines;

4. Encourage the development of sport in small European FMNs;

5. If resources permit, support project proposals on beyond sport domains.

Projects’ subsidies procedure

During September FIM Board of Directors meeting to approve criteria for requests;

No later than (NLT) 10 days after an information letter is sent to CONUs and FMNs;

First half of September you receive the letter

• Deadline for application 1 November;

Beginning of November you have to send the request

• Administration revises request and submits proposals to CMRF at November meeting;

• NLT 30 days after CMRF approval send confirmation (positive or negative) letter to requesters.

End of December you receive the reply

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Poll 3

How to prepare a request

See format request

Project request examples

• FIM Oceania Junior Cup

• FMI Women's European Cup

• DMSB e-bike development

• MAM sport development

How to report project’s results

• Project activity report

• SMF Diagnostic and testing for riders

• LMSF Grassroots Motorsport training camps

Questions & Answers

THANK YOU

Documents

FIM Projects financing