Board Meeting Summary
Meeting Date: Friday 29th January 2021
Funding for Point to Point Racing
The Board approved an overall budget of up to £417,000 for the current point to point season, recognising that the details would need to be decided.
Funding for Lateral Flow Testing
The Board approved a request from BHA for a contribution to Lateral Flow Testing costs at racecourses at a maximum cost of £130,000 to HBLB for the period 1st February 2021 to 30th April 2021 and beginning with a one month pilot.
Financial Forecast 2020/21
The Board agreed the adoption of a full year forecast range of £71m - £80m as appropriate at the time.
Management Accounts
The Board approved the management accounts to 31 December 2020.
Post Animal Health Trust Arrangements
The Board discussed arrangements in place since the closure of the Animal Health Trust and potential successor arrangements in the medium term.
Capital Credit Allocations
It was noted that no racecourse had to date made a request to convert its grants to capital credits in the first quarter of 2021.
Jockeys’ Career Ending Insurance Scheme
The Board noted that, following DCMS approval, the Board’s funding of £80,000 towards the jockeys’ career ending insurance scheme had been announced.