Specific Priorities for 2018/2019

Specifically for 2018/19, the Board has agreed the following priorities, which can be considered under six key headings. The Board will assess successful performance by monitoring outcomes against these priorities:

Prize money
a) Incentivise racecourses to increase their prize money contributions further, principally by linking its grants to a racecourse’s executive and sponsorship prize money contributions and Levy generation.

Fixture criteria
b) Carry out ongoing analysis of the Fixture List and race programme, including the analysis of betting and other relevant data, and make recommendations to optimise the Fixture Criteria, focusing on Levy generation.

Integrity
c) Contribute to the provision of cost-effective technical, security and regulatory services for the protection of the integrity of racing in the interests of the racing public, punter and participant.

Financial support for the horseracing industry
d) Continue to support the financing of racecourse projects by Capital Credit grants.

Government
e) Work with the Department for Digital, Culture, Media and Sport on legislative and procedural requirements involving the further reform of the Horserace Betting Levy.

Transition
f) In anticipation of HBLB closing on 31st March 2019, work to ensure a smooth transition of infrastructure, assets and intellectual capital to the successor organisations, being the Gambling Commission (collection of Levy) and Racing Authority (distribution of Levy).

 

Last Updated: 28 August 2018