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IRE Incentive Scheme Expanded

The IRE Incentive scheme, an initiative designed to stimulate and fortify Irish Thoroughbred breeding, racing and sales, will expand to include over 200 races in Ireland and Britain in 2022, according to Horse Racing Ireland (HRI). The IRE Incentive scheme awards a bonus of €10,000 to owners of Irish-bred winners of selected races across the Irish and British Flat and National Hunt programmes, to be spent on Irish-breds at Irish sales. In its first year, the IRE Incentive scheme awarded over €1,000,000 to over 90 individual owners, contributing to more than €4,000,000 in sales of Irish-breds. Qualifying races in Ireland are 2-year-old fillies' maidens; 2-year-old auction maidens and median auction races; 3-year-old median auction maidens; and National Hunt auction races. Scheme races in Britain include maidens for all sexes; novice races; and fillies listed races. The owners of each eligible winner–those carrying the (IRE) suffix and Foal Levy compliant– will have until the end of the following year to spend their voucher. For more information, click here.

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Positive Trends In Irish Racing Figures

The number of horses in training and racehorse owners in Ireland rose year-on-year in 2021, and were among numerous positive figures released by Horse Racing Ireland reflecting on the state of the Irish Thoroughbred industry.

There were 10,579 horses in training in Ireland last year, which was up 14.4% from 2020 and 18.2% from 2019. Likewise, the owner retention rate of 80.7% up was 9.6% on 2020 and 8% on 2019. There were 1,062 new owners registered in 2021, up 36.1% on 2020.

This desire for horse ownership was also reflected at Irish bloodstock sales; bloodstock sales were up 71.3% on 2020, when Irish sales among the most impacted in the world on account of persistent lockdowns, and 10.6% on 2019. A total of €182.8-million was spent at Irish sales last year.

With racecourse attendance severely impacted by the pandemic the past two years, on-course betting turnover of €12.9-million was up 65.1% from 2020, but down 82% from 2019. Total off-course betting was up 2.8% from 2020, but down 6.2% from 2019.

“So many of the figures announced today show a remarkable resilience in the horse racing and breeding industries,” said Suzanne Eade, chief executive officer of Horse Racing Ireland. “The figures for the numbers of horses-in-training have jumped by over 14% year-on-year at a time when attendance of owners at racemeetings was severely curtailed. That support from owners is vital, placing the industry on a secure footing and reflecting favourably on levels of employment across the industry and the wider economic activity that brings. It is hugely encouraging that all categories of ownership have grown and a record owner retention rate is a terrific vote of confidence in the industry.

“Irish Bloodstock sales were hit very badly in 2020 but last year's figures for horses sold at public auction improved greatly with a succession of sales performing well. There was a vibrant trade at the Irish store sales and buyers from 22 countries invested at Irish yearling sales, with Irish-foaled horses sold to 31 countries in all.”

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IRE Incentive Races Added in Britain

Additional British races have been added to Horse Racing Ireland's IRE Incentive scheme. IRE Incentive races will be held at Nottingham, Newbury, Pontefract, York, Musselburgh, Salisbury and Goodwood in August and September.

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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IRE Incentive Scheme Paying Dividends

Horse Racing Ireland's IRE Incentive Scheme has awarded over 35 sales vouchers, each worth €10,000, to 31 individual owners to date. Winner number 36 in the new scheme came in Thursday's Irish Stallion Farms EBF Fillies' Maiden at Leopardstown, won by the Dermot Weld-trained Homeless Songs (Ire) (Frankel {GB}), a homebred for Moyglare Stud.

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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