Horserace Betting Levy Board

Capital Credit Allocations : April and May 2017

The Board approved: 

 1.        Raceday Services transfers to Capital Credits of £294,190 for the period 1st April to 31st May 2017.

 2.        Prize Money transfers to Capital Credits of £1,039,984 for the period 1st April to 31st May 2017.

 3.        Fixture Incentive Fund transfers to Capital Credits of £14,800 for the period 1st April to 31st May 2017.

 4.        Transfers to Capital Credits of additional requests made subsequently by racecourses for specified prize money-related grants yet to be awarded but which are allocated at a later date for the period 1st April 2017 to 31st May 2017. These include Appearance Money and Divided Races payments.

Capital Credit Applications: Redcar and Salisbury

The Board approved:

1.       A Capital Credit Grant to Redcar racecourse of £59,391 for the Wi-Fi project.
2.       A Capital Credit Grant to Salisbury racecourse of £147,690 for hospitality refurbishment.

All drawdowns were to be subject to the Executive’s receipt of appropriate documentation and the racecourse having a Capital Credit balance equal to or greater than the requested amount at the time of drawdown.

19^th April Board meeting

The Board agreed to hold an additional meeting on 19^th April 2017.