Presentation by the British Horseracing Authority and Professional Jockeys Association
A presentation on industry training, recruitment and education, an area to which HBLB has contributed funding, was given to the Board by the British Horseracing Authority and Professional Jockeys Association.
2020 Expenditure
The Board noted proposed assessment criteria to be used for applications for 2020 non-fixture related projects. The Board would be asked to give approvals to specific projects in January 2020.
2018/19 Levy Yield
The Board discussed matters relating to the ongoing consideration of 2018/19 Levy yield.
Annual Report and Accounts 2018/19
The Board considered matters in relation to the Board’s 2018/19 accounts, which remained under discussion and had not yet been finalised.
Divided Races Fund
The Board agreed that it would provide an additional £1,000 in prize money per divided race in 2020. The assumed £465,000 expenditure was forecast to be exceeded by the extra Levy revenue that would be created from the running of the races that would be staged.
HBLB Prize Money Grants: Background
The Board noted a summary of HBLB prize money funds.
Business Plan
The Board noted an update on the development of the Board’s Business Plan and that this would be discussed again at the January and February 2020 meetings.
Capital Credit Allocations: January to April 2020
The Board approved:
1. The Raceday Services transfers to Capital Credits of £409,778 for the period 1st January to 30th April 2020.
2. The Prize Money transfers to Capital Credits of £587,346 for the period 1st January to 30th April 2020.
3. The Fixture Incentive Fund transfers to Capital Credits of £251,000 for the period 1st January to 30th April 2020.
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 January 2020 to 30th April 2020. These included Lower RIF, Appearance Money and Divided Races payments.
5. The additional transfer to Capital Credits for Taunton racecourse of £135,000 for the period 1st January to 30th April 2020.
