Board Meeting Summary
Meeting Date: Wednesday 25th June 2025
WORKFORCE WELLBEING PROGRAMME UPDATE
Julia Tyson (Chair, Horseracing Industry People Board (HIPB)) and Jon Pett (Programme Director, HIPB) provided a presentation on the Workforce Wellbeing Programme.
NON-FIXTURE GRANTS REVISED GUIDELINES
The Board approved the updated Guidance Notes and T&Cs subject to some minor amendments.
GBR NATIONAL CAMPAIGN
The Board considered an update on the GBR National Campaign.
LOANS TO RACECOURSES 2025/26
The Board agreed that a new non-weighing room loan window should to be opened in August 2025.
PRESENTATION OF PRIZE MONEY STATISTICS
The Board noted that HBLB’s contribution to prize money when published by Racing was materially understated as generally it only included sums paid through published race conditions, and so did not include areas as the Great British Bonus or appearance money The Board supported the Executive’s pursuit of providing a more accurate presentation of prize money figures to include all HBLB contributions in whatever form they take.
REMUNERATION COMMITTEE REPORT
The Board received an update from the recent Renumeration Committee meeting.
NON-FIXTURE GRANTS TRACKER 2024/25
The Board noted a final update on grants awarded in 2024/25.
ALLOCATIONS TO CAPITAL CREDITS 1 JULY 2025 TO 30 SEPTEMBER 2025
The Board approved the Prize Money, and Raceday Services transfers to Capital Credits for the period 1 July to 30 September 2025.
MANAGEMENT ACCOUNTS
The Board approved the management accounts to 31 March 2025 and to 30 April 2025.
BOARD CHAIR
The Board noted that this would be the final meeting chaired by Anne Lambert before Roger Devlin took up the role of Chair on 1 July 2025.The Board thanked her for her great professionalism and an outstanding job.