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Horse racing worth £208 million to Newmarket and Suffolk, study finds

17:37 22 January 2014

Horse racing at Newmarket

Horse racing at Newmarket

Archant

The growing influence of Newmarket’s “world-class” horseracing industry hailed today after a new report found it contributes more than £200m to the region every year.

Findings of a groundbreaking study, analysing the economic impact of horseracing within a 25-mile radius of Newmarket for the first time, were unveiled at the historic Rowley Mile.

It found the industry provides an annual financial windfall worth £208 to the region, through training, stud farms and other horseracing institutions, while it employs around 8,500 people.

The report, carried out by economic research provider SQW on behalf of Forest Heath District Council and the Newmarket Horsemen’s Group, identified “promising signs of potential for further growth in the horseracing industry”.

It found 340,000 racegoers descended on Newmarket for meetings in 2012 while a new £15m heritage centre set to open in 2016 is expected to attract 40,000 visitors a year, boosting footfall figures in the town’s high street.

It added sales from renowned auctioneers Tattersalls totalled £222m in 2012/13.

Matthew Hancock, MP for West Suffolk, added: “As this report shows, its historic headquarters of Newmarket remains right at the centre of that today.

“It is encouraging to see the report identify the potential for the home of horseracing to contribute even more to the economy in future years.”

- Buy tomorrow’s papers for the full story

0 comments

Town fans were in good voice at Carrow Road on Sunday as Ipswich came away from the East Anglian Derby with a 1-1 draw.

The East Anglian derby bragging rights should go into storage somewhere near Diss ready to be contested for in another six to 12 months time.

I’m not so sure if a draw was a fair result but one I would definitely have taken before kick-off.

Ipswich Town defender Jonas Knudsen loves scoring goals against Norwich City.

Ipswich Town boss Mick McCarthy says goalkeeper Bartosz Bialkowski received the ‘ironic man-of-the-match award’ after the Polish custodian’s eventful afternoon in this lunchtime’s 1-1 draw with Norwich City at Portman Road.

Following this afternoon’s hard-fought 1-1 draw at Carrow Road, sports writer WILL RIDGARD looks at five things we learned about the East Anglian derby as the spoils were shared again.

Jonas Knudsen scored in the East Anglian derby once again, but Ipswich Town were pegged back by Jacob Murphy’s strike as their eight-year wait for a win against Norwich City goes on.

Ipswich Town star Josh Emmanuel is the star of the new edition of Kings of Anglia - which is now on sale.

Ipswich Town take on bitter rivals Norwich City, in a Championship clash, at Carrow Road this lunchtime (12pm ko, Sky Sports).

My dear old granny used to love to hate Mick McManus.

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