Newmarket - The Facts & Figures
Newmarket is the heart of the horse racing world and is recognised as being the capital of the horseracing industry, both in national and international terms. This arises from the range of horse racing interests in the town covering all aspects of the racing industry. There are more racehorses, trainers, stable staff, stud farms and racing organisations based in and around the town of Newmarket than anywhere else in the world.
The horseracing industry is vital to Newmarket and its economy. It is estimated that up to 33% of jobs in Newmarket are directly related to horse racing being provided in the training yards, studs and stables and around 50% when include related industries such as bloodstock auctioneers, vets, farriers etc. The existing facilities and racing infrastructure includes:-
- Two of the country’s premier racecourses, being the NatWest Rowley Mile and July Course;
- Over 2,500 racehorses in training at the peak of the season;
- 79 licensed trainers;
- 62 stud farms;
- 2,800 acres of fully maintained training grounds;
- 50 miles of turf gallops and 17 miles of artificial gallops;
- Original home of the Jockey Club;
- National Horseracing Museum;
- British Racing School;
- Tattersalls Sales;
- Horse Racing Forensic Laboratory;
- The National Stud;
- The Thoroughbred Breeders Association;
- British Bloodstock Marketing Head Office;
- International Racing Bureau;
- Racing Welfare;
- Federation of Bloodstock Agents;
- Palace House, 17th Century royal residence for King Charles II; and
- The country’s top equine veterinary and equine hospitals, saddlers, farriers, transporters and insurance companies.
The training, breeding and racing parts of the industry are inextricably linked relying on each other for their activities and growth. A decline in any one part of the industry would inevitably have an impact on another part.
Economic Importance of racing to Newmarket
Economic effect of racehorse industry on Newmarket (excluding racecourse and betting revenue and turnover:
- Direct spend locally in Newmarket area greater than £150 million
- Indirect spend locally in Newmarket area greater than £100 milion
Turnover of horseracing sales and stud farm business greater than £500 million, of which expenditure from oversea is greater than £250 million.
(Sources: Cannon Consulting Engineers and Barton Willmore)