capital credits

Another £6.5 million has been made available to certain racecourses by the Horserace Betting Levy Board in a financial boost for the racing industry during the COVID-19 pandemic. HBLB operates a capital credits scheme whereby racecourses can elect to waive the receipt of their racing fixture-related grants from HBLB which then holds the funds. Racecourses are normally able to make use of these capital credits in the future for use on capital improvement projects approved by HBLB, but now the 18 qualifying tracks who have capital credits balances may now...