Race Incentive Fund

In 2014, the Quality Support Fund was renamed as the Race Incentive Fund. Financed by HBLB, this prize money fund totals £6.267m in 2017* (2016: £6.267m).

The budget* includes payments of some £4.387m for Flat Racing and £1.880m for Jumping. For 2017 the three priorities of the Race Incentive Fund agreed by Racing are:

1. To deliver the optimal Flat race programme during the Flat Season, thereby making best use of the horse population and supporting race competitiveness.

2. To enhance the values of particular Black Type Flat race types with a view to supporting Britain’s international competitiveness.

3. To deliver the optimal Jump race programme during the Jump Season, thereby making best use of the horse population and supporting race competitiveness.

The 2017 budget will be split between payments to sustain the higher quality handicap programme and payments towards a number of developmental and black type races. New for 2017 is a different payment structure for eligible mid-week RIF races versus Saturday RIF races with the aim to encourage higher quality racing during the week. 

*The figures and the table below reflects what a full year expenditure programme would look like, however, the Board has only fixed its commitments until 31st March 2017 and expenditure after this date is subject to review. 

Flat 2017 Turf    
RIF Race Type Saturday Payment Non-Saturday Payment
Group 3 £10,050 £10,050
Group 3 (2yo) £5,050 £5,050
Listed £9,050 £9,050
Listed (2yo) £4,550 £4,550
     
Class 2 Conditions £5,050 £5,050
Class 2 Conditions (2yo) £3,000 £3,000
Class 2 Handicap Autumn (3yo+) £3,250 £4.600
Class 2 Handicap Autumn (3yo) £4,950 £6,900
Class 2 Handicap 14f (3yo) £8,250 £11,450
Class 2 Ex-conditions (96-110) £8,250 £11,450
Class 2 Handicap Summer £3,250 £4,600
Class 2 Nursery £2,050 £2,850
     
Class 3 Conditions £2,000 £2,000
Class 3 Conditions (2yo) £2,000 £2,000
Class 3 Handicap Autumn (3yo+) £1,650 £2,300
Class 3 Handicap Autumn (3yo) £2,050 £2,850
Class 3 Handicap 14f (3yo) £2,450 £3,450
Class 3 Handicap Summer £1,250 £1,700
Class 3 Nursery £1,250 £1,700

Summer: May, June, July and August.
Autumn: September, October, November and April.

Flat 2017 AWT    
RIF Race Type Saturday Payment Non-Saturday Payment
Class 2 Conditions £4,000 £4,000
Class 2 Conditions (2yo) £2,500 £2,500
Class 2 Handicap Q1 and Q4 £2,050 £2,850
     
Class 3 Conditions £1,500 £1,500
Class 3 Conditions (2yo) £1,500 £1,500
Class 3 Handicap Q1 and Q4 £800 £1,150

Q1: January, February and March.
Q4: October, November and December.

Jump 2017      
RIF Race Type Handicap / Weight for Age (WFA) Saturday Payment Non-Saturday Payment
Grade 2 Chase Both £5,150 £5,150
Grade 2 Hurdle Both £4,100 £4,100
Grade 2 Mares Hurdle Both £10,250 £10,250
Listed Chase WFA £4,100 £4,100
Listed Mares Chase Both £10,250 £10,250
Listed Hurdle WFA £3,100 £3,100
Listd Mares Hurdle Both £7,200 £7,200
Listed NHF WFA £3,100 £3,100
Listed Mares NHF WFA £6,150 £6,150
       
Class 2 Graduation Chase WFA £10,250 £10,250
Class 2 Open Handicap Chase Handicap £3,300 £4,550
Class 2 Handicap Chase Handicap £2,050 £2,900
Class 2 Chase WFA £4,100 £4,100
Class 2 Veterans Chase Handicap £7,350 £10,300
Class 2 Open Handicap Hurdle Handicap £2,450 £3,450
Class 2 Handicap Hurdle Handicap £1,650 £2,300
Class 2 Hurdle WFA £3,100 £3,100
       
Class 3 Chase WFA £2,550 £2,550
Class 3 Handicap Chase Handicap £1,000 £1,400
Class 3 Hurdle WFA £1,050 £1,050

 

Last Updated: 25 January 2017