Overcast

Overcast

max temp: 4°C

min temp: -2°C

Search

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

17:37 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

0 comments

You have probably been trying to put last week out of your mind if you’re an Ipswich Town fan.

Ipswich Town – along with fellow Championship strugglers Bristol City and Rotherham United – are reportedly weighing up moves for Scunthorpe United midfielder Josh Morris, according to HITC Sport.

Ipswich Town boss Mick McCarthy says he didn’t even know owner Marcus Evans was in attendance at the John Smith’s Stadium this afternoon as the Blues lost 2-0 to Huddersfield Town.

Throughout the years, Ipswich Town Football Club has been graced with a selection of legendary managers and a selection of forgettable ones. Do you know who was at the helm at Portman Road when Ipswich Town took on Crystal Palace in 1971?

Ipswich Town boss Mick McCarthy has confirmed that the club is set to sign midfielder Toumani Diagouraga on loan from Leeds United and that former Newcastle United defender Steven Taylor will start a trial on Monday.

Ipswich Town’s week to forget concluded with a 2-0 defeat at Huddersfield Town.

Ipswich Town are reportedly close to sign Leeds United midfielder Toumani Diagouraga on loan from fellow Championship club Leeds United.

Ipswich Town end a difficult week with a tricky game at Championship high-fliers Huddersfield Town this afternoon.

Ipswich Town will hope to put the horror of two poor games against Lincoln City in the FA Cup third round with a victory when they return to league duty this weekend.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24