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Racing Foundation publishes a Review of activity for 2018 showing progress against our new strategy Image

Racing Foundation publishes a Review of activity for 2018 showing progress against our new strategy

Wednesday, 5 June 2019

We are delighted to publish a Review of our activity for 2018, which shows how we reached the landmark of donating £10m, since inception and the progress we are making in delivering against the expectations of our 2018-2020 strategy. It also highlights some of the projects we have supported and the partnerships we have forged.

In particular, the Review highlights that:

  • 35 grants totalling over £6 million were awarded during 2018, with a focus on the industry’s people agenda (91% of grants). A third of these were for new projects.
  • April 2018 witnessed the milestone of having awarded £10 million, since inception, spread over 159 grants, which reached a significant number of beneficiaries. These included 23,000 people benefiting from education and training activities; 15,000 racing staff given support through health and wellbeing grants; 13 equine science research grants and a number of equine welfare initiatives with the potential of benefiting the entire Thoroughbred population, at all life stages.
  • A landmark partnership was secured with Racing Welfare, to provide £3.9 million of funding for the charity’s key wellbeing services over the next three years (including occupational health, careers advice and training, mental health services and the industry’s 24-hour support line).
  • In an attempt to attract and recruit more staff into the industry, a number of Racing Foundation funded training and education activities now focus on diversity and inclusion in racing.
  • Past grant awards continue to record great progress, including HEROS Racing Staff Academy, the Thoroughbred Horseracing Industries MBA programme and the Pony Racing Academies delivered nationally through a collaboration between the NRC, BRS and PRA.

We believe we have made a positive start in delivering against the expectations of our stakeholders through the first year of our new strategy as we are operating more strategically; have a narrower, more targeted focus; are more closely aligned with a number of racing charities; are speeding up funds flowing into the industry and are acting as a catalyst for improvement.

A pdf of the 2018 Review is available here> or to receive a hard copy please email tansy.challis@racingfoundation.co.uk.

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