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Funds to improve racecourses

Chepstow, the capital racecourse of Wales, has received a £4m interest free loan from the Horserace Betting Levy Board.

The loan will help Chepstow to undertake a £10.3m redevelopment project, which is expected to take three years to complete.

The work includes moving the paddock and winner’s enclosure to in front of the grandstands, constructing a new member’s grandstand and refurbishing the Tattersalls facilities as well as revamping the weighing room and the facilities for owners and trainers.

The project will take place in three phases, with racing continuing throughout.

Perth Racecourse and Kempton Park Racecourse have also been awarded interest-free-loans for £75,000 and £50,000 respectively.

Perth will be using the funds to extend the weighing room and improve the toilet facilities for racegoers, while the on-going work on Kempton Park’s Silver Ring enclosure is due to be completed by Christmas.

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