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Latest news - Thursday, February 7:
The ECB has announced an £18m programme of investment into First-Class County Cricket.
The ECB Board has agreed to make loan finance of up to £1 million available to each of the 18 First-Class Counties following receipt of detailed business plans which must first be approved by both the ECB Finance Committee and the ECB Board.
Loan facilities were recently confirmed for Leicestershire CCC and twelve other counties. These loans form part of a wider business transformation plan for the domestic game.
The loans have been approved in return for meeting key strategic targets relating to stadia and facilities, customer relations, community programmes and business operations.
As part of the Club’s Development Plan, Leicestershire CCC intends to build c.15 apartments in a disused corner of the ground alongside Milligan Road.
Chief Executive Mike Siddall said: “These will be high quality apartments for let, with the income used to help sustain the Club’s finances.”
“Plans are being drawn up at the moment and will be shared with Club Members at meetings at Grace Road on February 21 and 25 and with local residents on February 23. Planning permission will be submitted at the same time as plans for the Community Arena Project.”
“This investment is part of a wider programme of transformation for the county game which will include the introduction of a new domestic playing schedule from 2014.
“The increased investment will help us plan for the future with greater confidence and implement a programme of change which will help make our domestic game even more attractive to spectators, broadcasters and sponsors alike.”