Greyhound Racing Ireland has welcomed the allocation of €19.2M from the Horse & Greyhound Fund 2021 for greyhound racing in Budget 2021.
The 2021 allocation represents an increase of €2.4M on the corresponding allocation for 2020.
Greyhound racing and the greyhound industry has, like most businesses, operated in an extremely difficult environment during 2020.
It is likely that restrictions will continue to apply during 2021 and the sport has had to adapt its operations to reflect the reality of the commercial and operating environment.
The annual accounts of Greyhound Racing Ireland for 2019 which are shortly due to be published will show an overall expenditure of some €30M during the year.
Almost all forms of revenue into the sport have been severely impacted during the past six months.
Horse and Greyhound Racing differ from other sports in that they are the outward-facing side of substantial industry’s that are responsible for substantial rural employment and export revenue.
Horse racing’s allocation is up in Budget 2021 by 14 per cent to €76.8 million
“The greyhound community has been operating in very difficult circumstances,” said Chairman of Greyhound Racing Ireland Frank Nyhan.
“I very much welcome the additional allocation of €2.4M provided as part of Budget 2021 which is a very necessary support to greyhound racing and the greyhound community.”
“The Board will be meeting in the coming days to discuss its overall budget for 2021. The actions taken
to date, have been towards safeguarding public health while at the same time ensuring, insofar as is possible, that racing can continue at our tracks.”
“The Board’s priority remains focused on care and welfare and ensuring that all required financial resources are provided to support a very comprehensive programme.”
“The traceability system for the racing greyhound is nearing completion and will be available before the end of this year. We will also be progressing the full implementation of the Greyhound Racing Act of 2019 which was recently commenced by the Minister and drafting the appropriate regulations and other measures necessary to give effect to the provisions of the Act.”
“I want to thank the Minister of Agriculture, Food and the Marine, Charlie McConalogue TD and his officials for their efforts and support in achieving the additional financial allocation for 2021.”
Sport for Business Partners