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Horseracing Industry Conference Scheduled For York In June

The sixth annual Horseracing Industry Conference will be returning to York Racecourse on Thursday, June 1, 2023, the Racing Foundation and University of Liverpool Management School announced on Tuesday.

'Modernising racing: How far and how fast?' is the focus of the conference, which will bring together experts from both within and outside of the racing industry. Refreshments will be served, as well as a two-course lunch, followed by a champagne reception. Tickets are £55 and can be purchased on the Racing Foundation's website.

Rob Hezel, Chief Executive at the Racing Foundation, said, “The Racing Foundation is delighted to announce the date for the sixth annual Horseracing Industry Conference which will be delivered with a focus on minimising the event's environmental impact.

“The 2023 conference comes at a crucial time for British racing as it awaits publication of the sport's new strategy.

“The pace of societal change we are experiencing today demands the industry thinks creatively and boldly to safeguard the sport for tomorrow.

“I know this year's topic, 'Modernising racing: How far and how fast?' will offer important insight and generate engaging debate at the conference. I look forward to the contributions from keynotes speakers, industry leaders and the conference delegates.”

Neil Coster, Director of Studies for the Thoroughbred Horseracing Industries MBA at the University of Liverpool Management School, said, “The University of Liverpool Management School is looking forward to welcoming this year's delegates to York Racecourse for the annual Horseracing Industry Conference.

“The 2023 conference will welcome experts outside of the world of racing as well as those within it, embracing innovative thinking often overlooked in racing.

“In past years, the conversation surrounding the conference topics transcends well beyond the keynote talks. I look forward to again discussing racing's challenges with this year's delegates during the networking sessions throughout the day.

“The conference is a superb continual professional development opportunity for all working in, or passionate about, the sport of horseracing.”

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Jim Boyle Joins Racing Foundation Board Of Trustees

Trainer and veterinarian Jim Boyle has been appointed to the Racing Foundation's Board of Trustees. He replaces now-retired trainer Mark Johnston.

A graduate of Bristol University in 1996, he later specialised in equine veterinary medicine, and has served as President of the National Trainers' Federation (NTF) between 2014 and 2016. Boyle joins Algy Smith-Maxwell, Alice Page, Linda Bowles, Louise Kemble and Susannah Gill on the Foundation's seven-strong Board of Trustees, which is chaired by Julia Budd.

Budd said, “We are delighted to welcome someone of Jim's calibre to the Racing Foundation's Board of Trustees.

“Jim's in-depth and practical equine veterinary knowledge combined with his vast experience as a trainer will offer a much-valued perspective to the Board who will greatly benefit from his expertise.

“I would like to extend my gratitude to Mark Johnson for his contribution to the Racing Foundation over the last six years. His knowledge, insights and advice have been generously given and enormously valued by us all.”

Boyle said, “I'm delighted to be joining the Racing Foundation as a Trustee, and hope to use my experience as both a vet and racehorse trainer to help contribute to the decision-making processes involved in the awarding of grants.

“These grants have the ability to make a real difference to the racing industry and by association the entire equine industry. I look forward to working with the rest of the Board to make sure the best possible use is made of the funding that is available.”

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Third Economic Impact Study On UK Breeding Industry Published

The third Economic Impact Study of the British Thoroughbred breeding industry was published on Wednesday. In the report, key opportunities and challenges for the sector were outlined and provide a blueprint for future progress.

Building on reports published in 2014 and 2018, the study was commissioned by the Thoroughbred Breeders' Association (TBA) and conducted by PwC. Both the Racing Foundation and Horseracing Betting Levy Board (HBLB) funded the project.

British breeding was found to have an impact of over £375m of gross value added to the rural economy, as well as being a world-leading producer of top racehorses and the foundation for a world-class racing programme. There was also greater insight gained into the current climate in which Thoroughbred breeders operate through deeper analysis of factors affecting profitability and the overall health of the sector.

Over 7.5 million data points were analysed in the project following the impact of both Brexit and COVID-19. One of the highlights of the report was how the Great British Bonus scheme has narrowed the gap in average sales prices between colts and fillies at British sales. There are ongoing profitability issues, particularly in the middle and lower tiers of the market, where smaller operators continue to exit the industry. Forecasts on foal crops and broodmare numbers in the report also show a steady but continual reduction without intervention.

The report also outlined some recommendations for the industry to pursue, including the consideration of prize-money levels, new targeted industry incentives, creation of accessible ownership models, encouragement and support of the domestic stallion market, and the development of recruitment and retention strategies to meet the industry's talent requirements.

TBA Chairman Julian Richmond-Watson said, “It is timely as it coincides with the racing industry's development of a new long-term strategy, led by the BHA, which is an opportunity to shape racing's future and strengthen our position as a world-leader in thoroughbred racing and breeding.

“The report will be a key evidence bank for this vital work, as industry stakeholders seek to work together to address the challenges for the long-term health of the sport. A high quality and sustainable supply of thoroughbred horses is a specific objective underpinning the whole strategy, and is a requisite for an attractive, competitive and quality racing product.”

TBA Chief Executive Claire Sheppard added, “It is of fundamental importance that as the TBA, and as an industry, we take action based on a sound and robust evidence base and have a real depth of understanding of underlying trends across the whole industry.

“As this is the third study the TBA has commissioned, a comprehensive and longer-term picture of the key trends now exists, and the data have helped PwC to model into the future and map out what could happen if these trends continue and we do not take interventions.

“The long-term declining trend in the key indicators are an ongoing concern, but there are signs of hope for the future in the upturn in the 2022 British-born foal crop numbers and the positive impact of the Great British Bonus on sales prices and owner returns.

“The report demonstrates that incentives and strategic interventions can work. We must learn from this and take forward a plan with the support of breeders in particular and the racing industry in general as part of racing's new strategy.”

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Hayward Appointed Chair of Industry People Board

Edited Press Release

Neil Hayward has been appointed as the first chair of racing's Industry People Board, leading a new function within the sport with the goal of driving and ensuring delivery in efforts to recruit, train and retain British racing's workforce and promoting welfare, equality, diversity and inclusion.

The creation of the Industry People Board follows a comprehensive process overseen by a steering group comprising the British Horseracing Authority (BHA), Horserace Betting Levy Board (HBLB) and the Racing Foundation (RF).

Hayward brings to the role of Chair more than 25 years of experience, including in Board and Executive Team Leadership positions at High Speed Two Ltd, Post Office, BT, Ministry of Justice, Standard Chartered Bank, Gallaher Group, Serco Group and Booker, as well as in the NHS and Higher and Further Education.

In the course of carrying out these roles and more, Hayward has developed a track record in employee engagement and equality, diversity and inclusion initiatives, significantly improving workforce and organisational performance across organisations in a range of sectors.

“I'd like to thank [BHA Chief Executive] Julie [Harrington], Alan [Delmonte, chief executive of the Horserace Betting and Levy Board] and [Chief Executive of the Racing Foundation] Rob [Hezel] for the trust they are placing in me by appointing me as Chair,” said Hayward. “I'm really looking forward to working with them and many others to make our new Industry People Board a success.”

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