THE BHA have announced a welcome boost to prize-money from September 1.
There has been widespread criticism of prize-money levels in the sport since the resumption on June 1.
Trainers had also voiced concerns that the current fixture list only ran until the end of August.
But fixtures have now been arranged until the end of the year, and prize-funds are set to swell, back up to something like pre-coronavirus levels.
Richard Wayman, chief operating officer of the BHA, said: “As we enter the autumn and racehorse owners begin to make their plans for 2021, this increase in minimum prize money levels across all levels from September is a critical part of the sport’s recovery plans.
“Owners have displayed great patience in recent months and it is crucial that prize money grows at all levels as quickly as possible.
“Whilst there is a long way to go, the increase in minimum values together with the re-introduction of the appearance money scheme are clearly steps in the right direction.
“We have learnt a lot from a number of the fixture innovations that were put in place as part of the emergency fixture list, some of which will continue for the remainder of the year.
“Others may return in the future but it is evident that the return to a more familiar fixture list, at least for now, will provide a boost to industry revenues, particularly as we look forward to crowds returning to racecourses later in the year.
“This has only been possible due to the Levy Board significantly increasing its support of prize money compared with its original plans and we would like to express our gratitude for their approach as we seek to plot a long term course for our sport to recover from its current challenges.”
The prize-money increases mean from September 1, minimum values will increase at all levels, with the middle and grassroots tiers of British racing returning to their pre-Covid levels.
For Class 1 races and Heritage Handicaps, minimum values will increase to become 75% of their levels from before the suspension.
In addition to extra Levy Board funding, all racecourses will be making executive contributions towards the prize money of every race programmed.
And for the remainder of the year, the rule restricting jockeys on riding at one meeting per day will remain in place in order to reduce the chances of spreading coronavirus.
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