Horse racing industry gets a €200m boost

THE ALREADY booming horse racing industry received another boost yesterday when Sports Minister John O’Donoghue announced a €200m fund for the upgrading of racecourses.

Of that figure, €110m will be provided by the government in grant aid, with the remaining €90m financed from the racecourses’ own resources.

It is the second Racecourse Capital Development Fund to be launched in the last three years and €70m of the government’s contribution will be poured into the country’s two flagship courses at The Curragh and Leopardstown.