Horserace Betting Levy Board

The Horserace Betting Levy Board (HBLB) is delighted to confirm receipt of a £3 million grant from The Racing Foundation.

This grant builds on the previous payment of £3 million made by The Racing Foundation in 2021 and evidences the continued close and supportive relationship between the two organisations.

The funding will assist HBLB’s commitments in 2022/23 to people development in the sport including initiatives supporting recruitment, welfare, training and education.

Alan Delmonte, Chief Executive of HBLB, said: “The Board is very grateful for the Racing Foundation’s second substantial contribution.

“It reflects the effective working relationship we have developed and shows we are actively contributing to supporting Racing’s stakeholders in navigating the current financial climate.

“The Racing Foundation’s generosity has provided greater confidence and certainty for HBLB when making our significant increases to prize money over the past couple of years.”
 
Rob Hezel, Chief Executive of the Racing Foundation, said: “The Racing Foundation and HBLB are the two sources of industry funds to British Racing.
“It is therefore logical for us to work together to maximise our impact for the Racing industry with the funds available to us.

“By developing this arrangement with the Levy Board, we are able to be a catalyst for change not only in a charitable context but in the wider industry too.”