A new £10,000 grant is being offered by the Horseracing Betting Levy Board for a project that will benefit racing.

The project can involve any aspect of horseracing and following completion the beneficiary must present a report to the board.

The Tristram Ricketts Fellowship is designed to enable someone from within UK horseracing to gain a better understanding of the sport as a whole, and produce an idea to benefit the industry.

The fellowship is named after the former Levy Board and British Horseracing Board chief executive Sir Tristram Ricketts who died in November 2007.

Robert Hughes, chairman of the Levy Board, said: “I am delighted that the board has agreed to this wonderful concept. Tristram was a good friend and his wit, charm and intelligence are greatly missed. His capacity for friendship was inexhaustible, not only within Britian but all over the racing world, and I believe the fellowship will be a lasting legacy to his understanding contribution to racing.”

Applications for the 2009 Tristram Ricketts Fellowship close on 1 November. For more information visit www.hblb.org.uk