Perth Racecourse delivers nearly £12m to the economy
A report has found that almost £10m of that money directly impacts the local economy.
Perth Racecourse delivers nearly £12m every year to the Scottish economy, according to new figures.
A report has found almost £10m of that money directly impacts the local economy, providing the equivalent of 130 full-time jobs.
Commissioned by the racecourse and produced by 4-Consulting, the economic impact report shows more than 50,000 spectators attended Perth's 15 race days in 2017.
More than 80% of the £11.8m total revenue generated the previous year remained in the local economy.
The report follows the recent announcement that Perth's total prize-money for 2018 will be a record £1.25m.
Perth Racecourse chief executive Hazel Peplinksi said: "The team at Perth regards itself as very fortunate to be an 'exporter of fun', bringing quality sporting enjoyment to those who share our passion for horse racing.
"However, what this comprehensive and independent report has uncovered is the current economic value of Perth Racecourse.
"Within those huge figures of £11.8m overall economic impact and 130 full-time equivalent jobs, what is really pleasing to see is how much of that is spent locally and benefits other local businesses, with £9.9m of revenues and the equivalent of 110 full-time jobs being delivered in Perth and Kinross alone."
Perth will again host 15 National Hunt race days in 2018, starting with the three-day Perth Festival in April.