Joanna Tuffy (Dublin Mid West, Labour)
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Question 106: To ask the Minister for Arts, Sport and Tourism when he will initiate a complete review of the Horse and Greyhound Racing Fund; and if he will make a statement on the matter. [24579/08]

Martin Cullen (Waterford, Fianna Fail)
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Government support for the horse and greyhound racing industries is provided under the Horse and Greyhound Racing Fund, which was established under the Horse and Greyhound Racing Act, 2001 for the purpose of further developing both racing industries. Under the provisions of the 2001 Act, the Fund receives a guaranteed level of finance based on excise duty on off-course betting in the preceding year, subject to a minimum level based on the year 2000, amount adjusted for inflation. Any shortfall in the amount generated by the excise duty is made up by direct Exchequer subvention.

In 2004 the Government agreed to increase the aggregate limit on the Fund from €254 million to €550 million, to allow for continuation of the Fund for a further four-year period. Since 2001, this Fund has provided a guaranteed level of funding to Horse Racing Ireland and Bord na gCon. To date the Fund has not only helped towards providing some top class venues and facilities, but it has also underpinned significant employment in both industries. A review of the Horse and Greyhound Racing Fund is being undertaken by the Department. Any extension of the Fund will require the approval of the Government and the Oireachtas.