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13 November 2014

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Credit Crunch

You are in: Leicester > Credit Crunch > Racing Ahead

Leicester Racecourse

Racing Ahead

Leicester Racecourse appears to be bucking the trend of the recession having seen a recent surge in numbers.

The credit crunch has impacted massively on businesses across Leicestershire and Rutland.

Unfortunately for many this has meant loss in sales and staff, and in some cases even closure.

However it's not all bad news. Leicester Racecourse is amongst one of the lucky ones who have seemingly profited from the recession.

Leicester Racecourse

Listen: At Leicester Racecourse

BBC Leicester's Ian Stringer nipped down to the racecourse on a warm spring evening to investigate...

Racecourse manager David Maykels says that attendance is up by five per cent in comparison to last year.

Apart from having some rather nice weather recently, he mainly puts the increase down to people trying to save cash during the economic downturn:

"People probably aren't going abroad - they're being a little bit more selective, they're staying in this country - and we are great value for money."

BBC Leicester's horse racing correspondent Kevin 'The Colonel' Minter says a day at the races can be a way to have a break from money worries:

"I do believe when we have have these recessions people try to find some kind of escapism."

Leicester Racecourse


Despite the attendance figures being up not everyone at the racecourse is feeling the benefits.

One bookmaker who works at most of the races in Leicester believes business has dropped off:

"The economic climate has made a difference to our business, big time.

"They might delve in their pockets but they only bring a pound out instead of a tenner."

Now the minority sport has evolved to appeal to the masses the variety of people the races appeal to has grown - from families to hen parties, and everything in between!

One customer said, "It's all about taking part and having a bet and having a laugh and having a drink and enjoying time with your friends really."

last updated: 16/06/2009 at 14:13
created: 16/06/2009

You are in: Leicester > Credit Crunch > Racing Ahead

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