The Jockey Club has announced its racecourse arm will offer more than £40million in prize-money in 2013 - an increase of more than £5m on this year.
The group are scheduled to stage 361 fixtures next year and of the £40m in prize-money, a record £18.6m will be contributed directly from Jockey Club Racecourses.
The Jockey Club is responsible for a total of 15 British racecourses including Aintree, Cheltenham, Epsom and both the Rowley Mile and the July Course at Newmarket.
Jockey Club group chief executive Simon Bazalgette said: "The Jockey Club exists solely for the good of racing and cares about the long-term health of our sport.
"Today's prize-money announcement is another demonstration of how everything we make goes back into British racing and the importance of providing a fair return to horsemen.
"The further increase in our own contribution to a record £18.6m, coupled with extra Levy funding next year, means a £5m injection into prize-money on our courses in areas we believe will benefit horsemen the most, to a total in excess of £40m.
"Just to be clear, once again we are putting in more than 60% of our available profits to prize-money and this contribution exceeds the amount we receive through media race fees. I'm delighted that in the process of offering more than £40m in prize-money next year, we have also been able to upgrade our race programme.
"Quality racing is vital to the future health of our sport and in 2013 we are focused on achieving this not only at large courses on weekends, but also at our small courses and in midweek."
Richard Wayman, chief executive of the Racehorse Owners Association, said: "The £5m increase in total prize-money is very welcome news for horsemen, and The Jockey Club deserves particular credit for increasing its own contribution by nearly £2m. We must now work closely together to secure formalised agreements that would benefit both horsemen and racecourses."
Stephen Atkin, chief executive of the Racecourse Association (RCA), said: "JCR is to be commended both for the significant increase in its executive contribution to prize-money next year and for the clear explanation of its policy. The increase will give a further boost to prize-money at British racecourses, which is set to exceed £110m in 2013, more than 10% up on 2012."
26 November 2014Fehily answers Unioniste call
Irving fighting fit for Newcastle
Fit-again McCoy rules out landmark
Bobs confirmed for Lexus repeat
King expects Mor from Carraig
Cheltenham foes back on Gold trail
BHA announces prize-money fillip
Grant handed six-month ban
McCoy makes winning return
Banned Fenton 'less than truthful'
National aim for Wyck
Hand up for Becher challenge
Meade admits Riches ground question
McCoy leaning towards Merry mount
Christmas aim for Owega
Walsh expecting bold Sceaux show
Smith sadness at Mania retirement
Cadeaux among Hong Kong hopefuls
Staying aims for Trev
Retirement for National hero Mania
Fenton lodges ban appeal
Knott found in breach of rules
No stopping Twiston-Davies
Bans for jockeys in flag drama
Djak experience a concern for Walsh
More headlines Long Distance field
Tributes flow for Lady Herries
McCoy returns at Fontwell
25 November 2014Void race drama at Sedgefield
Colombieres stars in Mullins entry
Bridgwater buoyed by Bolster
Trade ready to storm Hong Kong
Bowe ponders Robin Power play
Apache on the march for Drinmore
Pipe - Stamina key to Bally chance
Sacre not guaranteed for Sandown
Tower 'sore' after Navan spill
Spirit ensures more Henderson woe
Walsh praise for Vautour
Walsh cool on Faugheen odds
Victory team on weather watch
New relief for Twiston-Davies
Nicholls planning dual George raid
Leather in fine form ahead of Cup
24 November 2014Hobbs upbeat about Fingal raid
Fry keen for crack at Tolworth
Midnight to stay over hurdles
Creek seeking Hennessy Gold
Dynaste team consider George run
Topper target hinges on ground
Followme poised for Drinmore date
Balbriggan lands Troytown gamble
Vautour impresses on chasing debut
Un De Sceaux set for Thurles
Melodic team face tough choice
Henderson aims at Listed prize
Croco in frame for Topham
Deputy in Kempton firing line
McBratney banks on Boy progress
23 November 2014Balbriggan all the way
Vautour off to impressive start
Belle set for hurdling campaign
Silvi scraps to Betfair glory
Bally sparkles on Mullins' big day
Kelly's a Fixed Brush hero
Faugheen turns on the style
Fenton banned for three years
Amlin double for fab Ferof
New One excels in Haydock romp
Flyer grounds Ascot rivals
Vasco a cut above opposition