Races held at Newmarket’s two racecourses will receive a financial boost in 2014 after the Jockey Club announced it is to make a record contribution to prize money.
Next year will see the Jockey Club, which owns both the town’s Rowley Mile and July Course, plough £19.5 million into prize money funds, £1.1 million more than its previous record set this year.
The money from the Jockey Club will go into a total prize-money pot of £42.8 million, which is made up of further contributions from industry funding and horse entry fees.
“Although we are not quite ready to discuss the exact figures where the money is exactly going to go, prize money at Newmarket next season will be increasing,” said Amy Starkey, Newmarket Racecourses boss.
“Newmarket is the home of horseracing and as ever we are always looking to maximise the contribution we put back into prize money as that is what the Jockey Club stands for.”
In addition to revealing news that prizmoney levels are set for a rise Miss Starkey also confirmed that they are close to announcing the first of the acts set to appear on stage at the July Course for the tracks Newmarket Nights and Summer Saturday concert race days.
This year the track has seen the likes of Madness, The Kaiser Chiefs and Meatloaf entertain racegoers after racing.
“I have three verbal confirmations that are now just subject to confirmation,” said Miss Starkey.
“The names of the performers will be released in the early part of next year.”