The British Horseracing Authority (BHA) has released its Invitation To Tender (ITT) for a BHA Regulatory Funding Review (Review).  

The Review will involve an independent evaluation of the BHA’s regulatory and integrity total cost base to provide assurance to the BHA, HBLB (which provides funding of £19m for the BHA’s regulatory activities) and the sport’s stakeholders about the BHA conducting its operations in this area efficiently and effectively and provides value for money. This will include consideration of an appropriate approach to dynamic and evolving regulatory risks and ensuring long term sustainability of the sport, given societal and other pressures.  

The Review will also make recommendations on what should be the optimum funding model for the BHA’s regulatory activities, hence identifying any changes to the existing funding model.  For example, the possibility of multi-year funding awards, underpinned by BHA reporting against agreed performance measures on an ongoing basis. 

Interested parties must submit bids by 29 May, and the Review will start in June and report in early October 2024. The ITT sets out details of the tender process and can be found on https://www.britishhorseracing.com/about/industry-initiatives/ and all communication should be through regulatorytender@britishhorseracing.com.