Horse Racing Levy

Nigel Adams Excerpts

Thursday 20th January 2011 Commons Chamber

[Catherine McKinnell]

That concern has indeed been raised with me by Newcastle racecourse, but the situation applies across the board. As the hon. Gentleman has pointed out, Britain is, on average, 37th in the world in terms of prize money awarded. That is a matter of great concern. The declining level of the horse racing levy also threatens to jeopardise the safeguarding of the sport’s integrity and standards, veterinary science and education, training programmes and, indeed, the very future of our racecourses.

The impact of the declining horse racing levy and the continued uncertainty about its future were summed up very well by the general manager of Newcastle racecourse in a recent conversation with me. He told me:

“The levy money we receive is hugely important as it underpins our desire to employ more staff, invest in the business and grow the race course in the community. The reduction in the levy means that this is not currently possible and jeopardises our vision for the future. The levy reduction is already affecting our staffing plans for race days in January and February.”

[Nigel Adams (Selby and Ainsty) (Con)]

Over the past three years, the reduction in the levy’s contribution to the industry has been £50 million, which represents a significant sum of money coming out of the industry. Does the hon. Lady agree that we need to act on this matter quickly? My hon. Friend the Member for Tewkesbury (Mr Robertson) suggested delaying a decision for three years, but I am not sure that the industry can wait that long.

[Catherine McKinnell]

I would leave to the Minister’s discretion the question of whether this should involve a gradual process or a more immediate emergency response, but I want to make a plea today for an immediate response on the percentage of the horse racing levy that is going to be contributed this year.