Funding of the annual fixture list through Prize Money, supporting the maintenance of the integrity of racing and providing Fixture Incentive payments to a racecourse at certain times of year are the three major areas of expenditure under this heading. A variety of other schemes designed to assist racing's successful strategic development and operation are also supported.
In calendar year 2017*, HBLB budgeted to allocate £49.3m to Prize Money, £16.4m to Raceday Services and £2.5m to Fixture Incentives.
The breakdown of the 2017 (and 2016) Prize Money Scheme is detailed below.
*This table reflects what a full year expenditure programme would look like, however, the Board has only fixed its commitments until 31st March 2017 and expenditure after this date is subject to review.
For 2016, the overall split as between Flat and Jump racing reflected the off-course betting turnover of each code in 2014. The same principle will apply again in 2017 using betting turnover data from 2015; however, in addition, a further adjustment has been applied for expected abandonments to ensure that Jump racing receives the amount budgeted.
|2017 FLAT||2017 JUMP||2017 TOTAL||2016 FLAT||2016 JUMP||2016 TOTAL|
|General Prize Fund - Racecourse Fixtures||17,668,265||16,639,045||34,307,310||17,876,840||16,835,470||34,712,310|
|Lead Fixture Fund||375,000||375,000||750,000||-||-||-|
|Additional Friday Evenings||30,000||30,000||-||-||-|
|All Weather Track Blanket period Fixtures||1,586,000||1,586,000||1,586,000||1,586,000|
|BHA Twilight Fixtures||1,403,000||12,200||1,415,200||1,386,000||28,000||1,414,000|
|Sunday Appearance Money||279,300||455,700||735,000||257,250||477,750||735,000|
|British Champions Day||382,000||382,000||382,000||382,000|
|Future Champions Day||215,000||215,000||215,000||215,000|
|Good Friday Lingfield||120,000||120,000||120,000||120,000|
|Race Incentive Fund||4,386,900||1,880,100||6,267,000||4,386,900||1,880,100||6,267,000|
|Racing and Betting Incentive Fund||-||-||-||-||-||-|
|Divided Race Fund||1,092,000||208,000||1,300,000||1,105,000||195,000||1,300,000|
|British Owners and Breeders Incentive Scheme and Plus 10||1,250,000||1,250,000||1,250,000||1,250,000|
|SUB-TOTAL PRIZE MONEY||28,787,465||20,542,245||49,329,710||28,564,990||20,388,320||48,953,310|