The Incremental Prize Money (IPM) mechanism involves a fixed payment of £650 to all qualifying races, in order to increase prize money and uplift minimum values in the lower-graded areas of the race programme.
In 2024 £3.85m has been allocated to IPM (2023: £4m). Payments will be made to races of the following type:
Flat
Jump
Racecourses will not receive any ratecard recognition on the £650 payment and prize money in these races will have to be paid down to a minimum of 5 places.
