Search

Racing Minister Nathan Guy has announced new funding of $697,193 from the latest round of the Racing Safety Development Fund today, along with reappointing Penny Mudford as Chair of the group.

The grants are made available from the Racing Safety Development Fund which provides $1 million annually to racecourse safety across two funding rounds. Funding is matched dollar-for-dollar with contributions from racing clubs.

The next round of applications for the Racing Safety Development Fund is now open, says Racing Minister Nathan Guy.

A total of $1 million is available from the fund over two funding rounds this financial year.

“The fund supports projects around the country for improving racecourse health and safety standards. This has included improvements for safety running rails, irrigation and drainage, lighting upgrades, and grandstand repairs,” says Mr Guy.

A total of $384,149 will be invested in 20 projects to improve safety and development at racecourses, Racing Minister Nathan Guy has announced today.

The funding comes from the Racing Safety Development Fund which provides $1 million annually to racecourse safety and development across two funding rounds.

“This year’s second funding round has supported a wide range of projects including track redevelopment, new safety fencing, lift installation and greyhound running rails,” says Mr Guy.

Racing Minister Nathan Guy is seeking public feedback on proposed changes to the Racing Act designed to ensure returns from betting continue to support New Zealand racing and sport organisations.

“A Working Group has found that a growing number of New Zealanders are gambling through offshore betting agencies, which raises a number of issues.

“In 2015, about 40,000 New Zealanders turned over $518 million offshore with $58 million in losses – this represents potential lost revenue of up to $45 million for local racing and sports organisations.

The next round of applications for the Racing Safety Development Fund has now opened, says Racing Minister Nathan Guy.

A total of $381,179 is available in this second round of funding after $618,821 was allocated in the first round.

“The fund supports projects around the country for improving racecourse health and safety standards,” says Mr Guy.

“In the past this has included improvements for safety running rails, irrigation and drainage, swabbing boxes, and grandstand repairs.