The horse racing industry in the UK employs approximately 88,000 people and provides jobs across diverse areas of equine management, training, and care. However, this industry has faced notable challenges, including a drop in race attendance, lower prize money compared to global competitors, and a high dependence on betting revenue. To sustain its role in the UK economy and culture, horse racing requires both innovative ideas and ongoing support.
Horse racing is a deep-seated part of British heritage, with a significant economic footprint, particularly in rural communities. Racing’s economic contribution extends far beyond racecourses, positively impacting a network of related industries—from breeders and trainers to veterinarians and other specialists in equine care. This interconnected web of roles not only supports the local economy but also ensures the welfare of the horses themselves, positioning humans at the heart of an industry where animal care is paramount.
Yet despite this, a downward trend in race attendance signals that the industry must address its broader appeal. Moreover, prize money in British racing, which is notably lower than in some other countries is a concern. With lower prize incentives, attracting international participation and nurturing local talent becomes more challenging, impacting the sector's competitive edge on the global stage.
Given the distinct skills involved in horse racing, roles within this industry are largely “robot-proof.” Tasks like handling and training horses, managing their health, and developing tailored care routines require a level of human intuition and expertise that technology can’t replicate. Although advancements may streamline some aspects of operations, such as monitoring horse health or improving stable management, the core of equine care will always demand human involvement. This provides a level of job security for those in the industry but also underscores the need to attract passionate, dedicated individuals who will thrive in such hands-on roles.
However, the industry still faces the question: How do we attract and retain the right people? Racing is demanding work, with long hours and a strong physical component. The attraction of urban job opportunities and changing workforce expectations add further complexity, as young people seek careers with better work-life balance and a diverse range of experiences.
To address the challenge of employee retention, initiatives like the Thoroughbred Industry Employee Awards, sponsored by Godolphin, play a critical role. These awards, organised by the British Horseracing Authority (BHA) alongside Racing Post and Racing TV, recognise the unsung heroes of the racing industry. With prize money totalling £128,500, the awards honour excellence in 6 categories: Leadership, Rider/Racing Groom, Stud, Dedication, Newcomer and Community.
Beyond the monetary rewards, these awards validate the hard work of individuals who are the backbone of the industry. By celebrating dedication and innovation, the awards foster a culture of recognition and community within the racing sector. The awards ceremony will be held in February 2025 at York Racecourse, an opportunity to further spotlight the incredible commitment of these employees.
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To secure horse racing's place in British life, stakeholders need to consider both immediate and long-term strategies. Diversifying revenue streams beyond betting, attracting international talent through competitive prize funds, and using technology to support employees are essential steps forward. Equally important is fostering an industry culture that appreciates and rewards the contributions of its workforce, ensuring that roles in horse racing remain attractive and fulfilling for generations to come.
Horse racing is more than a sport—it’s a rich tradition and a vital economic engine. By investing in its people and continuously evolving, the industry can maintain its historic significance and continue supporting thousands of jobs across the UK.
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