Oireachtas Joint and Select Committees
Tuesday, 20 July 2021
Joint Oireachtas Committee on Agriculture, Food and the Marine
Alleged Issues in the Horse Racing Industry: Discussion (Resumed)
Dr. Kevin Smyth:
Yes, the funding was increased from €84 million to €96 million. Some 80% of that funding goes to HRI. The €12 million extra was given to the horse and greyhound fund as a response to the devastating economic effects Covid had on horse and greyhound sectors. It was a financial support to enable those sectors to deal with losses. The horse racing industry lost catering and spectators. The income numbers were affected very badly and it was a support mechanism. That was the simple reason the money was put in.
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