Racing industry’s bloodline to the county’s economy

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Punchestown day 4

A REPORT into the ‘Economic Impact of Irish Breeding and Racing in Wexford and Wicklow’, which was commissioned by Horse Racing Ireland and carried out by Deloitte, has revealed that the racing industry in both counties supports more than 1,600 jobs.

The report, presented at the monthly meeting of Wexford County Council, also revealed that the direct stimulated expenditure of the industry in these counties is an estimated €84 million a year.

Also that there are some 750 registered breeders in the region, representing 12% of Ireland’s total, and a total breeding revenue of €29 million, and an estimated €24 million invested in capital projects in Wexford and Wicklow in the last decade.

Wexford is the only racecourse in the region hosting jump fixtures from March to October and the course attracts in excess of 14,000 attendees over 10 fixtures, with an estimated expenditure of over €1 million attributable to on-course activities. The average attendance in 2018 was 1,421.

There are 53 trainers located across the two counties, represented about 9% of the trainers in Ireland, according to the report.

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