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Board Meeting Summary

Meeting Date: Tuesday 15th May 2018

Income Forecast 2017/18
The Board noted that income for the full year 1st April 2017 to 31st March 2018 was expected to surpass £90m and to be in the region of £95m. The final figure would be presented to the Audit Committee and the Board at their June 2018 meetings.

Management Accounts
The Board noted the management accounts for the year to 31 March 2018.

Business Plan
The Board discussed the latest draft of its 2018/19 Business Plan.

HBLB Capital Loans
The Board noted that four applications had been received at the time of deadline.

Capital Credit Applications
The Board approved 

  1. A Capital Credit Grant to Fakenham racecourse of £80,000 towards building a new facility for guests and winning owners.
  2. ​A Capital Credit Grant to Taunton racecourse of £19,418 towards building an overflow reservoir.