Journalists Wandering Eyes Posted July 9, 2019 Journalists Share Posted July 9, 2019 The Horserace Betting Levy Board will reduce its expenditure for the 2019 calendar year to £94-million, cutting £5-million. The board will end prizemoney boosts and reduce funding for its raceday services grant budget, but noted it expected those expenditures to still be higher than in 2018. A proposed new scheme for the benefit of the British breeding industry is not expected to involve any material drawdown of Levy funds in 2019. Projects that will still receive funding from the Levy board include sectional timing and track data; it will contribute £900,000 to support these features at every British fixture by the end of 2021. In addition, the board’s budget for industry recruitment and education has grown by £1-million to £3.1-million, and Great British Racing will receive £1.4-million to build its 2018 National Campaign. The Racecourse Owners’ Association’s Ownership Strategy Project will receive £790,000 from the board, and £650,000 will go to the new independent Equine Welfare Board and the Racing Futures Project. The post Levy Board Cuts £5-Million From Expenditure appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article Quote Link to comment Share on other sites More sharing options...
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