Great British Bonus scheme hits magic million milestoneWed 28 October, 2020
The new Great British Bonus (GBB) incentive scheme has smashed through the £1 million bonus prize money barrier.
Since its launch just five months ago, the scheme has already had a major impact on every level of the racing and breeding industry.
Owners, breeders, trainers, jockeys and stable staff have all benefited from the GBB, which has so far recorded 63 successes, including six multiple winners.
Winners have come from all parts of the industry, including breeders with just one mare and owners who simply have a share in a pub syndicate racehorse.
“We are thrilled to have broken the magic million pound barrier of distributed bonuses and are delighted the scheme has achieved all its ambitions in reaching every corner of the racing and breeding industry,” said scheme manager, Grant Pritchard-Gordon.
“GBB is a valuable financial incentive, and has never been more needed than at this time. It is helping to reward and retain owners in the sport, as well as providing additional income and incentive for breeders, trainers, jockeys and stable staff. Many yards have won multiple bonuses, including several who have won four or more, reinforcing the value and importance of this scheme for British racing.”
As well as paying out more than £1 million in prize money, the scheme has proved its value in the sales ring.
At the yearling sales up to 2nd October 2020, 95 GBB fillies were offered with total gross sales of over £2 million, averaging £25,700 per filly and providing an 82% clearance rate.
At the Goffs UK August Yearling Sale, GBB-registered fillies sold for 40 per cent more than non-registered GBB-eligible fillies.
National Hunt sales have also been influenced, with Goffs UK’s NH Store sale offering 23 GBB-eligible mares, with an average price of £24,500. They also provided the two top lots at £130,000 and £70,000, with an overall clearance rate of 77%.
Nick Bradley, who has bought the highest number of GBB-eligible yearling fillies during the recent sales, said: “We targeted the GBB scheme because it raises prize money levels above the likes of Ireland and France.
“I can only speak for myself and my owners, but the GBB scheme gives me bigger budgets to spend on the GB-bred fillies when selecting my yearlings. The GB Bonus scheme is a big factor in my thoughts at the sales ring and within day-to-day race planning.”
With 2019 registration now closed, the final deadline to register eligible 2020 filly foals is Saturday 31st October 2020. Register your 2020 filly here.
Still have questions about the Great British Bonus? Find the answers here.