GAIN Equine Nutrition will sponsor a new series of eight races on the flat this season.
The first four races in the series are for lower-grade handicappers and all races will see an increase of approximately 40% in prize money.
Trainers of the first four finishers in each race will be allocated points using a novel scoring system which is designed to give equal opportunity to all trainers to win the overall prize.
The number of points earned per win or placing will be based on the number of winners that trainer recorded throughout 2020.
The series starts at Leopardstown on April 11th and ends at Naas on October 17th.
The winning breeder from each race will receive a framed photograph of the winner and have their name entered into a draw to win one tonne of Gain products. One groom will win a three-night stay in a top Dublin hotel.
Joanne Hurley of Gain said: “Thoroughbred racing and breeding customers are a key part of our business and we are delighted that we can support so much of the industry through this series that travels right around the country.”
Paul Dermody, CEO of HRI Racecourses, commented: “With the support of Gain, this series will further highlight the talent we have at every level within Irish racing and bring with it enhanced prize money opportunities.”
Michael Grassick, CEO of the Irish Racehorse Trainers Association, said: “This is good news for Irish racing. The increase in prize money will be well received, especially after such a challenging year. The series gives everyone an opportunity to compete on a level playing field. It’s a very good and new approach and everybody in racing will benefit from this.”