In addition, there will be breeders’ prizes at the rate of 10% of the total prize fund, and it is estimated that £160,000 additionally will be paid out this year.
More than 97% of 2-year-olds in training in Britain are EBF eligible. British EBF stallion contributions peaked in 2004 at £927,659 and last year came to £894,270, the third highest total.
David Brown, chairman of the British EBF, commented: "The steadfast support of British-based stallions and the increasing number of nominations for horses bred overseas has allowed the trustees to increase allocations to prize money yet again.
"All 59 racecourses have cooperated fully in incorporating the prize money increase into their race programs and in applying the strict conditions set down by the trustees.
"This is good news all round for racing in Britain and for owners and breeders of EBF-eligible horses."