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The Economic Impact of Breeding and Racing in Your County Contents KERRY THE ECONOMIC IMPACT OF BREEDING AND RACING IN YOUR COUNTY CONTENTS FOREWORD 04 REGIONAL ANALYSIS 06 THE ECONOMIC IMPACT 15 OF ONE RACEHORSE ECONOMIC IMPACT OF 17 BREEDING AND RACING IN IRELAND SUCCESS OF IRISH 20 BREEDING AND RACING REPORT PREPARATION 22 METHODOLOGY AND LIMITATIONS 2 HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY DERRY KERRY DONEGAL ANTRIM TYRONE FERMANAGH ARMAGH DOWN MONAGHAN REGIONAL SUMMARY SLIGO LEITRIM 245 Direct, indirect CAVAN and secondary MAYO LOUTH ROSCOMMON employment LONGFORD 122,656 Attendees MEATH at racing WESTMEATH DUBLIN €64m Total direct and GALWAY stimulated OFFALY expenditure KILDARE LAOIS WICKLOW CLARE CARLOW TIPPERARY KILKENNY LIMERICK WEXFORD LISTOWEL KERRY WATERFORD KILLARNEY CORK Racecourses HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY 3 FOREWORD COUNTY KERRY’S TWO RACECOURSES, LISTOWEL AND KILLARNEY, ARE AMONG THE MOST FAMOUS AND POPULAR IN EUROPE AND CONTRIBUTE TO AN INDUSTRY THAT PROVIDES ALMOST 250 JOBS IN THE COUNTY, AS WELL AS NEARLY €65m IN ANNUAL EXPENDITURE. OVER 120,000 PEOPLE GO RACING IN KERRY EVERY YEAR, AND THE COUNTY HAS PROVIDED SOME OF THE WORLD’S MOST FAMOUS RIDERS. 4 HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY KERRY It is a great privilege to introduce Deloitte’s Deloitte estimate in this new report that This document first provides a specific Economic Impact Study into the Breeding and Breeding and Racing is an integral part of the overview of the contribution of horseracing Racing Industry in the south west, for the first rural economy of County Kerry, contributing to the county of Kerry. This is followed by an time capturing the contribution this industry almost 250 jobs in direct, indirect and overview of the Irish Breeding and Racing makes to life – social and economic – in secondary employment, and almost €65m of industry including the economic impact of County Kerry. expenditure per annum. the industry and the success of the industry on an international scale. Two years ago, in spring 2017, Horse Racing The popularity of the racecourses at Listowel Ireland commissioned Deloitte to quantify the and Killarney underpins the tradition of racing This document up-to-date economic impact of Irish Breeding excellence in the county and across this vital incorporates and Racing, and Deloitte’s report confirmed rural industry the contribution made by Kerry summarised findings the incredible dividend provided by the natives can be felt everywhere. from the Economic industry with almost 29,000 direct and indirect Impact of Irish Breeding jobs across the country, and over €1.8 billion It all makes more relevant the issue of a long- and Racing 2017. in expenditure. term and sustainable funding structure for the industry, which can allow it develop to its The full report can be From that report in 2017 – a summary full potential, increasing both the economic downloaded at https:// of which is contained at the back of this and social dividend for Kerry, and to that end www.hri.ie/press-office/ document – we were able to measure the we would ask politicians from all parties to economic-impact/ phenomenal international success of Irish- provide the necessary policy support for this bred horses and its export reach. to happen. Domestically, the report calculated that 92% Brian Kavanagh of the 6,777 registered breeders in the country Chief Executive have fewer than five mares, and with breeders Horse Racing Ireland in every county, trainers in most counties and 26 racecourses dotted around the country, it made sense to dig deeper and assess the impact of Breeding and Racing in counties and regions across Ireland, and explore the spread of that economic reach. HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY 5 REGIONAL SUMMARY: KERRY 245 122,656 DIRECT, INDIRECT AND SECONDARY ATTENDEES AT RACING EMPLOYMENT €64m TOTAL DIRECT AND STIMULATED EXPENDITURE 6 HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY KERRY THE BREEDING AND RACING Listowel is best known for its annual Harvest In predominantly rural regions such as Festival which attracts significant numbers of Kerry the Breeding and Racing industry INDUSTRY IN KERRY CENTRES visitors each year, whilst Killarney is one of does not only contribute directly to the local AROUND THE COUNTY’S TWO the most picturesque racecourse in Ireland, economy through the c.100 full time jobs complementing the county’s rich tourism that it supports, but also through the many RACECOURSES, LISTOWEL offering. In addition to the racecourses, ancillary suppliers that rely on the industry for AND KILLARNEY. Kerry boast a number of Breeders and other the majority of their business – Healy Racing industry employees, meaning all areas of the Photographers being based in Listowel for wider industry are represented. example. HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY 7 KERRY Indirect Direct RACECOURSES 1 1 There are two racecourses in Kerry, Listowel and Killarney. Together these two racecourses attract in excess of 120,000 attendees over 6 the 21 fixtures held in the racing season 33 €64m 31 €31m with an estimated expenditure of over €6m 2 attributable to their on-course activities. The main components of this are the general 21 admissions and catering spend of racegoers alongside media rights payments for provision of pictures to the betting industry. Breeders Betting Owners Off-course Racecourse RACECOURSES Listowel, Killarney A total direct expenditure of €31m is working in the core industry spend their CODE estimated to be generated by the Breeding wages on local goods, services and amenities. Flat and Jumps and Racing industry in Kerry each year. The This results in a total economic impact on largest components of this are racecourse Kerry of €64m. ATTENDANCES 2018 and related off-course expenditure, primarily 122,656 being a function of the Listowel Harvest The core racing industry is estimated to Festival which attracts significant numbers of employ approximately 100 people (FTE) in FIXTURES 2018 visitors each year. Kerry. 21 The €31m of direct expenditure in turn leads AVERAGE ATTENDANCE 2018 to an additional indirect expenditure of €33m, 5,841 composed of the secondary business-to- business spending of suppliers to the core MAJOR FESTIVALS Breeding and Racing industry and secondary Listowel Harvest Festival, consumer expenditure, as those people Killarney Summer Festivals 8 HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY KERRY Killarney Killarney is renowned as one of the leading tourist destinations in Ireland, with “Ireland’s most scenic racecourse” providing one of the town’s major attractions. All meetings are incorporated into three Summer Festivals in the months of May, July and August which regularly attract quality fields in races such as the Kingdom Gold Cup, the Cairn Rouge States and the Ruby Stakes (Flat) plus a number of valuable races over Jumps. The summer festivals at Killarney and related tourism in the area will be a significant contributor to the off-course expenditure generated by racing in County Kerry. Killarney is renowned as one of the leading tourist Listowel The Listowel Harvest Festival is one of the One of the highlights of the Irish racing best attended in the Irish racing calendar, destinations in Ireland, calendar, the seven-day Listowel Harvest contributing significantly to the €21m of off- with “Ireland’s most scenic Festival draws crowds from all over the course expenditure generated by racing in country each September, peaking at more Kerry with attendees coming from not only all racecourse” providing than 26,000 for Ladies Day. The festival over Ireland but also internationally (see case one of the town’s major includes both Flat and National Hunt racing, study overleaf). the feature race being the Guinness Kerry attractions. National Handicap Chase. HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY 9 LISTOWEL RACECOURSE for each day of the seven-day September The racecourse also relies heavily on local Listowel Racecourse is home to the world- meeting. All staff employed directly by the suppliers for its upkeep and maintenance renowned Harvest Festival which is run over racecourse are local to Listowel town. throughout the year. IT support is sourced seven days in September. In all, the North in the town as is printing, signage, cleaning, Kerry venue races for nine days every year Significant additional employment on window cleaning, photography services, and employs two people on a full-time basis racedays is provided by the racecourse’s flowers and shrubbery. Machinery and and a further two full-time staff from late largest contractors, with the racecourse tool hire are provided by local businesses. March to early November to cover the racing caterer, Kate Brownes of Ardfert, and Listowel Racecourse has ongoing season. The Chairman, Vice-Chairman and security company Atomic Security, connections with over 40 suppliers based ten Directors act in a voluntary capacity. All Dunmanway, County Cork, both employing in Listowel, Adare, Ardfert, Ballybunion, profits are re-invested in the racecourse. 15 people for the June festival with this Ballyheigue, Castleisland, Killarney, figure rising to 90 and 40 respectively for Killorglin, Limerick, Newcastlewest and These employment figures rise considerably the September meeting. Raceday plumbing Tralee. on a raceday, 82 people being employed services, carpentry services, electrician, directly by the racecourse for each of the two cleaning, medical and veterinary services are days of the June meeting increasing to 127 all supplied by local teams. 10 HORSE RACING IRELAND ECONOMIC IMPACT STUDY: KERRY KERRY OWNERS AND TRAINERS Racehorse owners represent the largest single contributors to the Breeding and Racing Mares Foals industry via their purchase of bloodstock and 80 51 subsequent expenditure on keeping horses in training. As well as supporting trainers and jockeys, other industries throughout the BREEDING Irish rural economy such as vets, farriers and The Irish Breeding industry is the first step transport companies also ultimately rely on in the ‘production line’ of racing.
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