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 2022, HBLB has budgeted to allocate £70m to Prize Money, £19m to Raceday Services and £1.9m to Fixture Incentives, which are now being paid as a form of prize money..
The breakdown of the 2022 Prize Money Scheme is detailed below.
2022 Budget Total | |
£'000 | |
Ratecard Plus | 55,800 |
Relief Fund | 200 |
Appearance Money | 6,900 |
Great British Bonus | 3,500 |
Divided Races | 800 |
Sub-total | 67,200 |
Contingency Funding | 2,800 |
TOTAL Prize Money Funding | 70,000 |
Raceday Services Grants | 19,000 |
Fixture Incentive Fund | 1,900 |
Total Fixture Related Expenditure | 90,900 |