Horserace Betting Levy Board
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Current Document: July
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The following was approved by HBLB:
(a) An overdraft facility of £4m for 2010 underpinned by the Capital and/or HFL Funds.
(b) The allocation of £200k in 2009 and £250k in 2010 to REL’s “Racing For Change” from the HFL Fund.
(c) The principle of re-engineering the Distribution of the Annual Levy from 1st January 2011 with recommendations to be provided by the Executive as to how to achieve it for the February 2010 Board meeting.
(d) The drafting of a new assumptions paper for the October 2009 Board meeting.
Rebranding Exercise – “Racing for Change”
HBLB approved an allocation to REL of £200,000 in 2009 and £250,000 in 2010 from the HFL Fund as the Horserace Betting Levy Board’s funding of the Rebranding Exercise up to 31st December 2010.
Racecourse Improvements
Plumpton Racecourse
HBLB approved a £65,000 interest free loan to Plumpton from the 2009/10 Capital Fund towards improving their racing track, stable yard and hospitality facilities.
York Racecourse
HBLB also approved a £1.5m interest-free loan towards their proposed development of the Melrose Stand to further improve the availability and quality of facilities available to racegoers and owners.
Committee Structure
HBLB approved the new Committee Structures for the following:-
| AUDIT | Chairman | Penny Boys |
| Member | Christopher Bell | |
| Member | Ian Barlow |
| REMUNERATION | Chairman | Paul Darling |
| Member | Christopher Bell | |
| Member | Paul Dixon |
| CREDIT COMMITTEE | Chairman | Ian Barlow |
| Member | Paul Darling |