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Board Meeting Summary

Meeting Date: Wednesday 11th June 2008

Allocations to Capital Credits

HBLB, at its Board meeting on 11th June 2008, approved the following:

  1. The Fixture Fee transfers to Capital Credits of £943,036 for the period 1 July to 30 September 2008.
     
  2. The maximum allocations to racecourses of Capital Credits under the Prize Money / Capital Credit Scheme of £5,547,362 for the period 1 July to 30 September 2008.
     
  3. The Integrity Fee Grant transfers to Capital Credits of £387,852 for the period 1 July to 30 September 2008.
     
  4. The Regulatory Head Office Fee Grant transfers to Capital Credits of £257,534 for the period 1 July to 30 September 2008.
     
  5. The HFL Laboratory Fee Grant transfers to Capital Credits of £261,348 for the period of 1 July to 30 September 2008.
     
  6. The Capital Credit Grants requested by racecourses to be applied during the July to September 2008 quarter as repayments of loans in respect of approved developments projects, totalling £5,118,689.
     
  7. The procedural changes to a six monthly reporting basis.


Capital Credit Grants

Leicester

At its June 2008 meeting, HBLB approved a Capital Credit Grant of up to £16,421 to meet the cost of purchasing special frost protection sheets to cover approximately two furlongs of the steeplechase course.