Wednesday, 17 February 2021

Questions (1033)

John McGuinness

Question:

1033. Deputy John McGuinness asked the Minister for Agriculture, Food and the Marine his plans to provide funding and other supports to the horse industry relative to the cost of vets and transport arising from Brexit as stock is moved to or through the UK adding up to 75% costs on transactions; and if he will make a statement on the matter. [8750/21]

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Written answers (Question to Agriculture)

Horse Racing Ireland (HRI) is a commercial state body established under the Horse and Greyhound Racing Act, 2001, and is responsible for the overall administration, promotion and development of the horse racing industry.

Under Section 12 of the Horse and Greyhound Racing Act 2001, my Department provides funding to HRI on an annual basis.

Under this provision for 2021, my Department has allocated €76.8 million to HRI to assist the horse racing and wider thoroughbred industry. This allocation represents an increase of €9.6m or 14% on the allocation provided to HRI of €67.2 million in 2020.

The objective of this increase is in part to assist the industry in dealing with the twin challenges of COVID-19 and Brexit.