In order to assist in the provision of vital horse population opportunities and to generate levy, HBLB allocates prize money to the Divided Race Fund. The Fund, (administered by the BHA) will total £1.3m in 2017*. The amount the Levy Board will provide per race will be capped at £5,000 in order to facilitate additional divisions which meet the demand to run and provide additional leviable races under a reduced budget.
HBLB anticipates there will be a net benefit to the levy from the extra races.
*This figure reflects what a full year expenditure programme would look like, however, the Board has only fixed its commitment until 31st March 2017 and expenditure after this date is subject to review.