Overcast

Overcast

max temp: 7°C

min temp: 6°C

Search

Horse racing worth £208 million to Newmarket and Suffolk, study finds

PUBLISHED: 17:37 22 January 2014 | UPDATED: 17:57 22 January 2014

Horse racing at Newmarket

Horse racing at Newmarket

Archant

The growing influence of Newmarket’s “world-class” horseracing industry hailed today after a new report found it contributes more than £200m to the region every year.

Findings of a groundbreaking study, analysing the economic impact of horseracing within a 25-mile radius of Newmarket for the first time, were unveiled at the historic Rowley Mile.

It found the industry provides an annual financial windfall worth £208 to the region, through training, stud farms and other horseracing institutions, while it employs around 8,500 people.

The report, carried out by economic research provider SQW on behalf of Forest Heath District Council and the Newmarket Horsemen’s Group, identified “promising signs of potential for further growth in the horseracing industry”.

It found 340,000 racegoers descended on Newmarket for meetings in 2012 while a new £15m heritage centre set to open in 2016 is expected to attract 40,000 visitors a year, boosting footfall figures in the town’s high street.

It added sales from renowned auctioneers Tattersalls totalled £222m in 2012/13.

Matthew Hancock, MP for West Suffolk, added: “As this report shows, its historic headquarters of Newmarket remains right at the centre of that today.

“It is encouraging to see the report identify the potential for the home of horseracing to contribute even more to the economy in future years.”

- Buy tomorrow’s papers for the full story

Martyn Waghorn knows he and his team-mates must rediscover their clinical side and begin to put together winning runs if they are maintain any kind of play-off push.

Former Ipswich Town player Georges Santos joined Andy Warren for a special edition of the Kings of Anglia Podcast.

Joe Garner turned home to finish off a superb Ipswich Town move as the Blues rescued a draw at Bolton.

Town fan Karl Fuller looks back at Town’s draw at Bolton and why one of Mick McCarthy’s after-match comments was not needed

The answer to the question Mick McCarthy posed after his side’s 1-1 draw at Bolton is undoubtedly ‘no’.

Terry Hunt says a feeling of togetherness between fans and the club appears a million miles away at Portman Road right now.

Player watch: It’s fair to say Ipswich Town’s two Friday signings split opinion when they were unveiled.

Ipswich Town drew a scrappy Championship match 1-1 at Bolton Wanderers this afternoon. STUART WATSON gives his snap observations.

Joe Garner netted an 82nd equaliser as Town draw 1-1 with Bolton at the Macron Stadium.

- Here is the selection of tweets from Town fans

How impressed and who had more to give? Andy Warren hands out his player grades after Town’s 1-1 draw at Bolton.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24