Over £7 million was granted to charitable causes in British racing in 2022 by the Racing Foundation, which released its annual review on Tuesday. This amount matches its giving record from the previous year in the areas of people, equine welfare, community engagement, and environmentally sustainability.
In 2022, the Racing Foundation:
• Instigated and contributed to the formation of the Industry People Board
• Aligned its giving capacity with other funders within the sport, notably the Horserace Betting Levy Board (HBLB), to whom it granted £3m in 2022 for the second year.
• Funded key ED&I projects across the sport, such as the Riding a Dream Academy and Racing Media Academy
• Increased its funding commitment to National Racehorse week
• Delivered the Horseracing Industry Conference with record attendance
“We believe our four key areas of focus are crucial for the long-term sustainability and success of the horseracing industry,
Rob Hezel, Chief Executive at the Racing Foundation, said. “Whilst once they may have been considered 'nice to have', they are now fundamental issues every sport and industry must manage. The Racing Foundation's purpose is to make a difference in racing by acting as a catalyst and funder of improvement.”
The full annual review is available in video form and can be seen here.
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