Project Director: Ian Wilson
Project Duration: 2020
Go Racing in Yorkshire commissioned The Centre for Regional Economic and Social Research (CRESR) at Sheffield Hallam University to provide an economic impact of horseracing in Yorkshire.
The objectives of the study are:
- to provide an overview of the demand for racing, including detailing racecourse attendances and their trends
- to calculate the economic impact of the horseracing industry:
- this is measured in terms of expenditure, employment and gross value added
- it includes both the direct and indirect impact: it will measure the economic activity stimulated by the day-to-day activities of the horseracing industry as well as flows through the local economy to create additional activity in other sectors and industries
- it will consider all the main participants in the industry: the racecourses, training, the owners, betting
- the study also considers non-racing activity at racecourses such as conferences, banquets, weddings etc
- to estimate the tax contribution arising from horse racing: employment taxes, VAT, Gross Profits Tax
- where possible compare these metrics against other sports and industries.
The final report is now available to read along with a launch video which is available on YouTube.
