Board Meeting Summary

Meeting Date: Tuesday 24th July 2012

Fixture Criteria

The Board approved the main principles of the 2013 Fixture Criteria, with most aspects the same as in 2012. The Board will however offer a Fixture Incentive and a Raceday Services grant to Enterprise fixtures relocating into a Criteria slot and will also provide funding for a third fixture on those afternoons of Royal Ascot, Glorious Goodwood and York Ebor’s meeting where there are currently only two. HBLB will discuss with racecourses its intention to increase the Saturday afternoon prize money threshold for full HBLB funding once the Board’s total prize money contribution in 2013 is confirmed.

Industry Training

The Board approved an overall £1m allocation for industry training and education for 2013 (up from £900,000 in 2012) and, within that, grants to BHA/BHEST and the National Stud. Details of the remaining applications will be put to the Board in autumn 2012.

Veterinary Science and Education

The Board agreed an allocation to Veterinary Science and Education for 2012/13 of £1.6m, up from £1.2m in 2010/11. Detailed allocations for 2012/13 will be submitted to the Board’s September 2012 meeting for approval. The Board also approved indicative budgets of £1.8m in 2013/14 and £2m in 2014/15.

Loans to Racecourses and Others in 2013

The Board approved the reintroduction of loans to racecourses and others; the sum is to be agreed later in the year but will not be more than £10m. Further details regarding 2013 loans can be found here.

Capital Credit Request

The Board approved a Capital Credit grant of £30,000 to Fakenham Racecourse to purchase a strip of land.