Newbury Racecourse makes loss but increases turnover

Horse at Newbury Racecourse Newbury Racecourse is planning to build 1,500 residential units

Related Stories

Despite posting an operating loss of £124,000 in 2010-11, Newbury Racecourse is upbeat about the future.

Hospitality bookings at the racecourse are up 21% and turnover rose 16% to £11.8m.

Plans also remain in place to develop the racecourse, creating 1,500 residential units and a hotel.

Joint managing director Sarah Hordern said the Berkshire racecourse was trying to "diversify and broaden its appeal".

Newbury Racecourse recently announced it was launching itself as a standalone concert venue as well as a racing venue.

'Work harder'

The first concert since the announcement will be headlined by Rod Stewart in May.

Mrs Hordern said: "We had 30,000 people here for a Westlife concert last year."

Speaking about the increase in hospitality bookings, she said: "In 2009, companies did cut back on their hospitality, but people need to entertain clients.

"In a recession you have to work even harder."

Harry Dunlop, a racehorse trainer at Windsor Home Stables in Lambourn, said it was "great" that turnover had increased at Newbury Racecourse.

"There's definitely been a pinch," he said.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Berkshire

Weather

Reading

4 °C 0 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.