Specifically for 2016/17, 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:
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.
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.
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.
e) Work with the Department for Culture, Media and Sport on requirements involving the replacement of the Horserace Betting Levy.
f) Undertake an analysis of trends in leviable income.