Oireachtas Joint and Select Committees

Wednesday, 15 June 2022

Joint Oireachtas Committee on Agriculture, Food and the Marine

Strategic Priorities for Horse Racing Ireland: Discussion

Mr. John Osborne:

Again, I do not want to hog the meeting but we are trying to balance the amount of money that was available to us and what it can achieve in impact. One could also argue for €5,000 and spread it twice as wide. Then, however, the €5,000 is less impactful. In England we are counteracting the great British bonus, GBB, scheme, which was devised pre-Brexit and was specifically targeted at counteracting the success of the Irish breeding industry. There is no question about it. That scheme attached a £20,000 bonus to it. It would have looked very mealy-mouthed of us to go with a scheme that was not at least up into the five figures. It was a balancing act to come up with a scheme that has maximum impact and bearing in mind the limited resources.

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