Increase to Minimum Purse Value for '23 British Season
Updated: August 24, 2022 at 2:15 pm
The British Horseracing Authority released the full Fixture List for 2023, reflecting a series of minimum race value increases agreed upon by the BHA, Racecourse Association (RCA) and the Thoroughbred Group (TG).
The change addresses three principal areas:
- Supporting international competitiveness of prize money in black-type races both on Flat and over Jumps.
- Increase prize money levels in Class 2 and 3 handicaps with the aim of improving retention of higher-rated horses in Britain
- Enhance prize money values at the lower levels, with the appearance money scheme to be replaced by a £700 increase to minimum values in handicaps and classified stakes.
Additional changes include the absence of novice or maiden races programmed at Class 6 on Flat and Class 5 over Jumps. This will mean that these races will only be permitted with prize money of at least £5,300 (Flat), £5,800 (Hurdle) and £6,600 (Chase).
The size and shape of the 2023 Fixture List remains broadly similar to that of 2022, with a total of 1,478 fixtures scheduled.
To view the list of increases to minimum race values, click here.