Horserace Betting Levy Board
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Much of the HBLB's annual revenue expenditure linked to the fixture list goes to racecourses. In addition, the HBLB has a separate Capital Fund, from which interest-free loans are made to racecourses to develop and improve their facilities.
The HBLB's policy is, in principle, to see existing racecourses continue in business; however, it will not support any course regardless of cost.
Day-to-day contact between racecourses and the HBLB centres on the fixture list. The British Horseracing Authority is responsible for the allocation of fixtures and the HBLB for the allocation of funds to those fixtures.