Michael Lowry (Tipperary, Independent) | Oireachtas source

The tradition of horse racing and greyhound racing is ingrained in the Irish psyche. Ireland is recognised across the globe for its exceptional standards in breeding and training racehorses and greyhounds. As an industry, horse racing has generated billions for the Irish economy. My home county of Tipperary is steeped in the tradition of the industry. Horses and everything related to horses are of fundamental importance to our local economy. The core breeding and racing industry in Ireland is estimated to generate an astounding €1.8 billion in gross expenditure every year. The industry directly supports almost 10,000 Irish jobs and indirectly provides employment for thousands more in areas such as equine science, veterinary services, farriery, transportation and stabling. It also supports jobs for thousands who work whole-time or part-time in areas such as on- and off-course betting, the maintenance and servicing of racetracks and catering and in a myriad of other enterprises allied to the operation of this lucrative industry.

Racing tourism is a major asset to the Irish economy in its own right. The Irish National Stud is a prominent tourist attraction and records substantial footfall from both overseas and Irish tourists every year, generating vital revenue for transport and local businesses. Race meets are also major occasions in this country. Thousands of enthusiasts from within and outside Ireland flock to enjoy our renowned events, generating revenue for hospitality and other businesses.

One of Ireland's greatest claims in international equine circles is that more than 20% of the top 100 flat horses in the world were bred here in Ireland. Our reputation for breeding has been commended for generations. Coupled together, our world-renowned stables, our temperate climate and our calcium-rich soil provide perfect conditions for raising young stock. The €72.8 million allocated to horse racing for the future represents a 3.5% increase. In light of the revenue consistently generated by the horse industry in Ireland through employment, tourism, hospitality, travel and, not least, focusing a spotlight on our excellent reputation on the world stage, this allocation pales in comparison with the benefits this sport delivers.

I support the greyhound industry. Welfare issues have been addressed and oversight is being strengthened. The industry needs continued support. I wholeheartedly endorse the allocation.

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