Fixture Funding

Funding of the annual fixture list through Prize Money, supporting the maintenance of the integrity of racing and providing Fixture Incentive payments to a racecourse at certain times of year are the three major areas of expenditure under this heading. A variety of other schemes designed to assist racing's successful strategic development and operation are also supported.

In calendar year 2017*, HBLB budgeted to allocate £49.3m to Prize Money, £16.4m to Raceday Services and £2.5m to Fixture Incentives.
The breakdown of the 2017 (and 2016) Prize Money Scheme is detailed below.

*This table 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. 

For 2016, the overall split as between Flat and Jump racing reflected the off-course betting turnover of each code in 2014. The same principle will apply again in 2017 using betting turnover data from 2015; however, in addition, a further adjustment has been applied for expected abandonments to ensure that Jump racing receives the amount budgeted.

HBLB Prize Money Contributions for 2016 and 2017
  2017 FLAT 2017 JUMP 2017 TOTAL 2016 FLAT 2016 JUMP 2016 TOTAL
        £ £ £
General Prize Fund - Racecourse Fixtures 17,668,265 16,639,045 34,307,310 17,876,840 16,835,470 34,712,310
Lead Fixture Fund 375,000 375,000 750,000 - - -
Additional Friday Evenings 30,000   30,000 - - -
Winter Jump   540,200 540,200   540,000 540,000
All Weather Track Blanket period Fixtures 1,586,000   1,586,000 1,586,000   1,586,000
BHA Twilight Fixtures 1,403,000 12,200 1,415,200 1,386,000 28,000 1,414,000
Sunday Appearance Money 279,300 455,700 735,000 257,250 477,750 735,000
British Champions Day 382,000   382,000 382,000   382,000
Future Champions Day 215,000   215,000 215,000   215,000
Good Friday Lingfield 120,000   120,000 120,000   120,000
Race Incentive Fund 4,386,900 1,880,100 6,267,000 4,386,900 1,880,100 6,267,000
Racing and Betting Incentive Fund - - - - - -
Divided Race Fund 1,092,000 208,000 1,300,000 1,105,000 195,000 1,300,000
Breeders Prizes   432,000 432,000   432,000 432,000
British Owners and Breeders Incentive Scheme and Plus 10 1,250,000   1,250,000 1,250,000   1,250,000
             
SUB-TOTAL PRIZE MONEY 28,787,465 20,542,245 49,329,710 28,564,990 20,388,320 48,953,310
Flat/Jump split 58.4% 41.6%   58.4% 41.6%  
             

 

Last Updated: 06 January 2017