Board Meeting Summary
Meeting Date: Tuesday 23rd July 2024
2025 FUNDING
Principle of Programme Protection Payments 2025
The Board approved in principle a request for a second year of Programme Protection Payments for 2025 subject to the requirement to Racing to provide a breakdown of individual payments, with accompanying rationale for changes to the 2024 schedule, by the time of the September 2024 Board meeting.
2025 Prize Money Funding and other possible funding requests
The Board agreed to increase prize money for the Great British Bonus (GBB) scheme and reconfirmed awards for smaller funds previously agreed.
The Board agreed to defer a decision of any further request until the September Board meeting by which time assessments could be made of data trends relating to Levy income over the second quarter of 2024/25 and any new proposals put forward by Racing.
INVESTMENT COMMITTEE UPDATE
The Board noted that, in line with delegation previously given by the Board, the Investment Committee had approved two recent weighing room loan applications that had been received.