Highlighting the sponsorship, the connections of the first season sire are offering a €100,000 bonus to the connections of the first black-type winner from the stallion's first crop of 2-year-olds.

”We have long-term ambitions, and we are going to be there to support breeders in the ring and on the racetrack,” said Jack Tuohy, who was behind the deal. “This is evident at the Curragh on Saturday where we are sponsoring the opening 2-year-old maiden of the year we are putting the foundations in place to make Alkumait a long-term success.”

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Horse Racing Ireland's 2022 budget also includes an increase in funding for the IRE Incentive Scheme, which will pay out €1.3-million in vouchers for Irish-bred horses at Irish sales; the scheme was worth €1.1-million this year. HRI will also increase funding for the point-to-point sector to a record €2.5-million. HRI will increase funds directed to industry education and training to €13.4-million, and approved a new €12-million racecourse capital development scheme.

“This is a strong budget which has its focus on restoring prizemoney, supporting growth for those earning their living in racing and breeding, investing in integrity and equine welfare, as well as a racecourse capital programme which is centred on ensuring appropriate industry facilities,” said Suzanne Eade, chief executive of HRI. “Framing the budget for the industry for 2022 was not without its challenges, but I'm very happy that we have been able to support the 390 fixtures scheduled for 2022 and with it the opportunities for horses and people at all levels of the industry, while at the same time increasing average prize money and bringing the total on offer to owners back to its second-highest level historically. We know from our ownership base the importance of prize money in attracting new people into our industry and retaining the owners already there, and in tandem with the prize money restoration, we will be investing in ensuring that owner base stays strong.

“Like most companies, we would have hoped to have been framing the industry budget for 2022 with the Covid-19 pandemic behind us but that sadly isn't the case. The impact of Brexit is far from behind us either in terms of its impact on the racing and breeding sector, so we had little hesitation in retaining the IRE Incentive Scheme for 2022 given the tremendous success it achieved in its first year of operation, with an uplift in the number of vouchers that will be paid out next year.

“After experiencing such huge difficulties in 2020 and early 2021, it was heartening to see the strong sales in the second half of the year, confirming the huge confidence there is in our product. There are other challenges too because of Brexit and insurance is one that we, and many other, industries are facing. We have extended our support to Point-to-Points to €2.5m–its highest level ever–recognising that insurance costs are a particular challenge in this sector.

“HRI is also conscious of the need to improve standards for all those working in the industry, especially when they go racing. We will therefore be launching a new €12m industry focused racecourse capital development scheme covering projects to be undertaken in 2022/23 to which HRI will provide €4.8m by means of 40% grant aid. This scheme will target improvements in key industry areas of the racecourse infrastructure such as the weigh room and stable yard, as well as financing work on the racetrack itself including the enhancement of watering systems.”

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The IRE Incentive scheme awards a €10,000 Irish Sales voucher to the owners of Irish-bred winners of designated races. Vouchers can be spent on Irish-breds at Irish public auction Sales. Since the scheme launched in March 2021, €480,000 in vouchers has been distributed to 39 individual owners.

Find out more about the IRE Incentive scheme and view a full list of races at www.itm.ie/IRE_Incentive.

Upcoming IRE Incentive Races:

• Nottingham – Aug. 10 – IRE Incentive Scheme EBF Restricted Novice S.
• Newbury – Aug. 14 – Arcadis British EBF Maiden S.
• Pontefract – Aug. 15 – Trevor Woods Mem'l British EBF Novice S.
• York – Aug. 20 – British Stallion Studs EBF Convivial Maiden S.
• Musselburgh – Aug. 24 – IRE Incentive Scheme Restricted Maiden S.
• Musselburgh – Aug. 25 – British Stallion Studs EBF Maiden S.
• Goodwood – Aug. 29 – EBF Restricted Maiden S.
• Salisbury – Sept. 2 – IRE Incentive Scheme Dick Poole Fillies' S.

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The post HRI IRE Incentive Scheme Celebrates First Winner on British Soil appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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The IRE Incentive Scheme awards an Irish sales voucher in the amount of €10,000 to owners of Irish-bred winners of selected races on the Flat and National Hunt programmes in 2021. The owners of each eligible winner–horses that carry the (Ire) suffiz and are Foal Levy compliant–may redeem their vouchers on Irish-breds at Irish sales through the end of the following year.

“The IRE Incentive rewards and encourages investment in Irish

bloodstock,” commented Irish Thoroughbred Marketing CEO Charles O'Neill. “Irish-breds continually prove their quality in the world's most competitive racing nations. We are delighted to be able to draw the spotlight onto Irish thoroughbreds and help promote investment in one of Ireland's finest global exports. With the IRE Incentive Scheme, it pays to buy Irish.”

The list of Scheme races through October 2021 can be found by clicking here.

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