Fixture Funding
Funding of the annual fixture list through Prize Money and supporting the maintenance of the integrity of racing are the 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 2024, HBLB has agreed its contribution to races in Programme Books (PB) 1 (1 January – 22 March) and 2 (23 March – 23 June). Prize money spend in PBs 3 and 4 (24 June – 31 December) is subject to review during 2024, when PBs 1 and 2 spend will be better known, along with Levy year 2023/24 returns. On the assumption that HBLB maintains its contribution into PBs 3 and 4, the full year 2024 budget allocation is £70.5m to Prize Money and £19.4m to Raceday Services.
The breakdown of the 2024 Prize Money Scheme, and additional expenditure on fixture related areas, is detailed below.
2024 Budget Total | |
£'000 | |
Ratecard Plus | 58,850 |
Incremental Prize Money (IPM) | 3,850 |
Great British Bonus (GBB) | 3,500 |
Sunday Appearance Scheme | 900 |
Divided Race Fund | 1,000 |
Sunday Floodlit Pilot | 100 |
Standard Prize Money Funding | 68,200 |
Winter Jump Fund | 1,300 |
Programme Protection Payments | 970 |
Total Prize Money Funding | 70,470 |
Raceday Services Grants | 19,400 |
Total Fixture Related Expenditure | 89,870 |