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UK Government provides £21.5m loan to support British Racing

24th June 2021 9:43 am GMT

The UK Government has lent its support to the British horse racing industry by providing a ten-year loan of £21.5m as part of its Sport Winter Survival Package.

The funding will support racecourses and participants as the sport continues its recovery from Covid-19, with more than £400m lost in racecourse revenue since the start of the pandemic. This has led to a reduction of over £65m in prize money to participants in 2020.

The money is being [...]

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