Incremental Prize Money (IPM)

The Incremental Prize Money (IPM) mechanism involves a flat payment of £650 to increase prize money and uplift minimum values in the lower areas of the race programme. A total of £4m has been allocated to IPM, with payments made to races of the following type:


  • Class 4 – 6 Handicaps
  • Class 4 – 6 Classified races


  • Class 3 – 5 Handicaps

Racecourses will not receive any ratecard recognition on the £650 payment and prize money in these races will have to be paid down to a minimum of 5 places. 


Last Updated: 10 March 2023