Presentation
The Board received a presentation from Racing Welfare on current issues of relevance to the Board.
Weighing Room Reconfiguration
The Board agreed to amend its previous decision to provide funding of up to £350,000 towards weighing room reconfiguration to £339,000, representing 50% of the confirmed costs to 48 racecourses, and 50% towards other racecourses, likely to mean a total cost to HBLB of £416,000.
Additional Regulatory Costs 2022
The Board agreed to provide funding towards additional testing of jockeys in 2022 on a basis to be agreed with BHA and also agreed
HBLB Loan Terms and Conditions
The Board agreed revised terms for its loans to racecourses which would be promulgated in due course.
Financial Forecast 2021/22
The Board agreed a full year forecast range of £91m to £105m, with £96m to £100m the likeliest outcome at the current time.
Racing Outcomes
The Board noted an update on its “Racing Outcomes”.
Sectional Timing
The Board considered an update on its investment in sectional timing.
Management Accounts to 31 October 2021
The Board approved the management accounts to 31 October 2021
Audit and Risk Assurance Committee
The Board noted the report of its Audit and Risk Assurance Committee.
Veterinary Advisory Committee
The Board approved the recruitment process for new members of its VAC.
