Board Meeting Summary

Meeting Date: Monday 10th December 2012

British Owners and Breeders Incentive Scheme (BOBIS)

The Board approved a contribution of up to £1.1m for the payment of 2013 prizes in BOBIS following a submission from BHA and the TBA. BOBIS will replace the Flat Breeders’ Prizes Scheme. The Jump Breeders’ Prizes Scheme will continue, with an allocation of £0.4m, up from £0.3m in 2012.

Racecourse Loans

As already agreed, the Board will be making loans available to racecourses and others with effect from 2013. It considered the submissions received against its published criteria and reached in principle agreements. Further details will be announced in early 2013 once final arrangements have been concluded with successful applicants, who will be contacted separately.

Business Plan 2013

The Board approved its 2013 Business Plan. Full details will be published in early January 2013.

Allocations to Capital Credits January to June 2013

The Board approved racecourse applications for the transfers of Levy Board grants to Capital Credits for the period 1st January to 30th June 2013.