Great British Bonus Scheme Breaks £10-Million Mark In Bonuses

Over £10 million in bonuses have now been paid out by the Great British Bonus (GBB) scheme, the organisation announced on Friday.

Started three years previously, the scheme incentivises and rewards the breeding, buying and racing of British-bred fillies by awarding bonuses of up to £20,000 per race.

GBB Operations Executive, Charlie Newton said, “We are thrilled to have reached this record milestone. The scheme arrived at a time when it was desperately needed. Not only were we feeling the impact of Covid-19 and Brexit, but the breeding industry had been witnessing a sustained decline in numbers and profitability. In a little under three years, we have put £10 million back in the pockets of breeders, owners, trainers, jockeys, and stable staff.

“That's an amazing achievement in itself, but we've also seen an increase in the demand for and the value of British-bred fillies in the sales ring. Fillies and mares now have a lucrative career path, which will, in turn, see the strengthening of our broodmare bands.”

Bonuses have been paid out to 549 fillies and mares in 722 races to date, in both the Flat and National Hunt jurisdictions. Flat fillies and mares have earned 497 bonuses, worth over £7.1 million, while their jumping counterparts have been awarded 225 bonuses worth £2.9 million. Approximately 85% of the bonuses go to fillies by British-based stallions. This behaviour is encouraged by the scheme's two levels of eligibility: 100% GBB fillies are by stallions based in Britain at the time of covering and can win the larger bonuses of £20,000; 50% GBB fillies are by stallions based outside Britain and they can win bonuses of up to £10,000.

The Thoroughbred Breeders' Association's Deputy Chairman, Philip Newton, said, “We couldn't be more pleased and proud at how GBB has been performing. We knew it could be a success, but the results have surpassed expectations. The industry has really taken a hold of it and made it their own.

“We recently commissioned PwC to carry out an Economic Impact Study to discover what impact GBB was having on the industry. Overall, in the three years since GBB launched, the price of British-bred fillies has increased by 16.6%–that breaks down as a 30.7% uplift in the foal price, 14.8% of the yearling price, and a 16.5% increase for National Hunt stores. These are welcome advances for a breeding industry that remains under extreme economic pressure.”

Created and operated by the TBA, the scheme receives around 30% of its income via registration fees, but the bulk of its financial support comes from the Horserace Betting Levy Board (HBLB).

Newton added, “We owe a huge debt of gratitude to everyone who has supported us in making this milestone possible. Not least, the HBLB, which generously funds GBB to the tune of £3.5 million a year.”

Alan Delmonte, of the HBLB, said, “Since GBB was launched in June 2020, HBLB is delighted to have provided it with funding of £7.6 million. It is particularly pleasing to see the 16% increase in the value of GBB-eligible fillies since the scheme started. Funding for GBB is among significant investments that HBLB has made in recent years to enhance British breeding and also to provide incentives for the racing of fillies and mares.”

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Nominations Open for 2023 TBA Stud Employee Award

Nominations for this year's Thoroughbred Breeders' Association Stud Employee Award, sponsored by Peter Stanley's New England Stud, are now open. The award recognises the significant contribution that stud employees make to the Thoroughbred breeding industry and rewards those individuals who have shown dedication and excellence within their roles.

The winner will be selected from a list of six shortlisted candidates and will be honored with the perpetual Charlie Langton bronze trophy and a £2,000 cash prize at the TBA Flat Breeders' Awards Evening, which will take place at Chippenham Park, near Newmarket, on July 12. The remaining five shortlisted nominees will receive £250 each and a certificate in recognition of their achievement.

Nominations can be submitted by an employer, colleague or client, and made via the online form or by downloading a paper copy, both of which can be found on the dedicated page of the TBA website. Any completed paper forms should be sent to the TBA office or emailed to Rob Davey.

Last year's winning recipient was David Gardiner of New England Stud. Nominations will close on Tuesday, May 2.

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Tickets to TBA NH Breeders’ Awards Evening Now Available

Tickets are now on sale for this year's TBA NH Breeders' Awards Evening, which will take place on May 22 at the Hilton Garden Inn in Doncaster. The event celebrates British-bred successes from the 2022-23 National Hunt racing season and will be hosted by Nick Luck on the first evening of the Goffs UK Spring Store Sale.

The event includes a drinks reception and dinner followed by the ceremony, which will present 14 awards and includes prizes for top Chaser, Novice Chaser, Hurdler, Novice Hurdler, NH Flat, NH Stallion, NH Broodmare, Special Merit Award and NH Achievement.

Tickets are available on the TBA website's event page and are priced at £65 for TBA members and £70 for non-members.

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Jack Connor Named Racing And Analytics Executive For The Thoroughbred Group

Jack Connor was named the new Racing and Analytics Executive of The Thoroughbred Group. He was previously a British Horseracing Authority (BHA) Racing Department senior analyst and a strategy manager at The Jockey Club.

The position is new within The Thoroughbred Group as the organisation develops its remit to provide representation of its five members under UK racing's new industry structure–the Racehorse Owners Association (ROA), the Thoroughbred Breeders Association (TBA), the National Association of Racing Staff (NARS), the Professional Jockeys Association (PJA) and the National Trainers Federation (NTF).

“We are pleased that Jack has agreed to join us as we seek to develop the role of the Thoroughbred Group at industry level,” said Thoroughbred Group Chair Charlie Parker. “We are confident that his analytical expertise and previous experience working with industry stakeholders will make him a great asset to us.”

Added Connor, “I'm delighted to be joining the Thoroughbred Group at this pivotal time for the sport. I'm very much looking forward to working closely with the five participant bodies and their members as we help shape and deliver on the industry's strategy.”

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