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Paul Bittar

Paul Bittar: "we are pleased the scheme has received universal support"

  PICTURE: Dan Abraham  

Bobis incentive given green light for 2013

THE British Owners and Breeders Incentive Scheme (Bobis), a prize-money initiative first mooted at the Thoroughbred Breeders' Association awards in June, was given the green light on Monday after it was confirmed the scheme will receive funding from the Levy Board.

Bobis, which has been developed by the BHA and the TBA, will be implemented in time for the 2013 Flat season in March and will offer prize-money incentives of £6,000 to connections of any two- or three-year-olds who are nominated to the scheme and are successful in any Class 2-4 race or Class 5 fillies' maiden in Britain.

A total of £2.93 million could be paid out to participating owners and breeders per year, with the scheme funded by a combination of registration and nomination fees, supplemented by Levy Board funding.

"I am delighted we have succeeded in securing industry wide agreement and funding for the introduction of Bobis," said BHA chief executive Paul Bittar yesterday.

"We hope that the scheme will encourage investment in British bloodstock, stimulate racehorse ownership in Britain, as well as incentivise owners to run their horses more often.

"We offer our thanks to the TBA, who initiated the concept, but in order for the scheme to be successful it needed backing from the racing industry, and as such we are pleased that the scheme has received universal support."

In its introductory year Bobis has been designed to complement the European Breeders' Fund and will have around 450 qualifying races. Progeny of British-domiciled mares or British-based stallions are eligible to join the scheme.

Qualification for the scheme is a two-stage process. Horses can be registered as a foal (for £150), yearling (£250) or two-year-old (£750), although in year one registration fees will be charged at the foal price for both yearlings and two-year-olds.

Registration payments must be made before the end of January of the horse's two-year-old season. After payment is made the horse is considered provisionally qualified.

To be fully qualified a nomination fee of £275 must also be made before the end of February in the horse's two-year-old season. If the owner chooses not to nominate the horse before the February deadline, the breeder can pay the nomination fee. Likewise, if the breeder does not register the horse, then the owner is able to pay the registration and nomination fees.

Levy board operations director Alan Delmonte said: "The board supported the aims of the scheme and has agreed to provide funding in 2013 with a maximum contribution of £1.1m. In addition, we are pleased to confirm the continuation of breeders' prizes for jump racing next year, which will increase to £400,000, up by £100,000 on 2012.

"We welcome the undertaking of the BHA and TBA to seek to reduce the number of different incentive schemes."

 

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