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Report: British Breeding In Fragile State
Meanwhile, British racing is in a critical state because of issues around the supply base of foals, according to a report by the UK Thoroughbred Breeders' Association, reports bloodstock.racingpost.com. The study, conducted by PricewaterhouseCoopers and commissioned by the TBA, recommends that greater investment is required in the breeding industry to solve potentially serious issues around the production of foals, which is vital to sustaining a successful racing industry. "This report has confirmed our worst fears," said TBA chairman Richard Lancaster. "It has identified some alarming and potentially critical issues, the most serious of which is the supply base and production of foals, which are vital to fulfil the British racing fixtures list." Mr Lancaster added, "Any further drop in foal numbers will result in a contraction of the programme and the further marginalisation of racing as a sporting product." The TBA will launch a campaign calling on the government to support the breeding industry, which is estimated to be worth £281 million per year and supports 86,000 jobs. The campaign's aim is to work collectively with other stakeholders, including the Levy Board and the BHA, to renew efforts to support small breeders operating at a loss. According to the report, one third of thoroughbred breeders are "in many cases, losing money".