A free helpline has been launched to provide advice for aspiring racehorse owners.

Potential owners can ask questions via phone or email. Ownership advisor Matt Budden, who has 20 years’ experience of racehorse ownership, will manage the service and act as intermediary between potential owners and racehorse trainers or syndicate managers.

Great British Racing, with the support of the Racehorse Owners Association (ROA), has set up the dedicated enquiry service, which is being promoted through Own1.co.uk — a website for aspiring owners which already receives more than 1,000 visitors a month.

Richard Wayman, ROA chief executive, said: “Racehorse ownership can be the ultimate thrill our sport has to offer, but it can seem an intimidating journey for first-timers.

“This new service aims to provide expert assistance and impartial advice about the full range of ownership options, while also suggesting solutions to suit different pockets.”

Great British Racing’s Rod Street said: “Buying a first racehorse is, for the majority of owners, a ‘considered’ purchase, so any help we can provide has to be of value.”

The service is free for users, and is being part-funded by the British Horseracing Grant Scheme, in conjunction with the Department for Culture Media and Sport.

Email enquiries@own1.co.uk or call Matt Budden (Monday to Friday, 8am to 6pm), tel: 07884 866607.