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 2023, HBLB has agreed its contribution to races in Programme Books (PB) 1 and 2, running to the end of August. PB3 is subject to further review in June 2023, when PB1 and 2 spend will be known, along with Levy year 2022/23 returns. On the assumption that HBLB maintained its contribution into PB3, the full year 2023 budget allocation is £66.6m to Prize Money, £18.2m to Raceday Services and £1.3m to the Winter Jump Fixture Fund.
The breakdown of the 2023 Prize Money Scheme, and additional expenditure on fixture related areas, is detailed below.
|2023 Budget Total|
|Incremental Prize Money||4,000|
|Great British Bonus||3,500|
|TOTAL Prize Money Funding||66,550|
|Raceday Services Grants||18,200|
|Winter Jump Fixture Fund||1,300|
|Total Fixture Related Expenditure||86,050|