Dara Calleary (Mayo, Fianna Fail)
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Question 506: To ask the Minister for Agriculture, Food and the Marine the level of State funding being made available in 2012 to Horse Racing Ireland, the Irish National Stud Company Ltd and Bord na gCon. [16363/12]

Simon Coveney (Cork South Central, Fine Gael)
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Horse Racing Ireland (HRI) and Bord na gCon (BNG) receive State funding from the Horse and Greyhound Racing Fund (the Fund) which was established under Section 12 of the Horse and Greyhound Racing Act, 2001. The Fund was set up for the purpose of giving support to horse and greyhound racing. Provision has been made in my Department's Vote to allocate €45.03m to Horse Racing Ireland and €11.26m to Bord na gCon from the Horse and Greyhound Racing Fund in 2012.

The State funding provided to HRI and BNG is crucial to underpin the development of the horse racing and greyhound industries which sustain an estimated 27,000 jobs and generate approximately €1.4bn in economic output.

The Irish National Stud Company Ltd. receives no funding from my Department.