Breeders' prizes in Britain will be worth 30% more in 2003 after the Levy Board decided to allocate £2,400,000, an increase of £565,000 over the amount budgeted for this year.
Rodney Brack, the Levy Board's chief executive, said: "Next year will see the tenth year of breeders' prizes and there are no major changes to the structure of the scheme compared to 2002. However, due to the considerable increase in prize money and fixtures in 2003, the percentage of minimum values paid to the breeders of qualifying winners in flat races (Class A-D) will revert to 10% across the board. This compares to 25% for 2-year-old winners this year."
Breeders of qualifying winners of Class A-H steeplechases, all National Hunt novice hurdles and National Hunt flat races will continue to receive 25% of minimum race values.
Louise Kemble, chief executive of the British Thoroughbred Breeders' Association, commented, "The TBA welcomes the significant increase in breeders prizes for 2003. We would also like to record our thanks to the Levy Board for continuing to provide valuable support to the British breeding industry. The scheme is now widely recognized as a solid incentive to basd bloodstock in Britain and, with increased funding, promises to be even more effective in 2003."