BHA to support British racing projects
The British Horseracing Authority (BHA) and the Department for Culture, Media and Sport (DCMS) have announced the launch of a new Grant Scheme to support worthwhile projects in British racing.
This is being paid for by British Horseracing's share of the net proceeds from the sale of the Horserace Totalisator Board (Tote).
Details of how this would be distributed were announced in March, with the Racing Foundation being launched to help fund charitable causes.
For the 2012-2013 financial year there will be £1 million allocated to the scheme and applications for grants totalling between £10,000 and £250,000 can be made.
As these funds for the scheme will also be provided by the government, all projects must comply with European State Aid rules.
Chief executive of the BHA Paul Bittar said of this launch: "The British Horseracing Grant Scheme is an exciting development and provides for targeted funding, within State Aid rules, across a wide range of potential projects, large and small, throughout British Racing."