At a projected £45 million, the development will be The Jockey Club’s largest single investment in facilities and builds on more than £80 million invested in facilities at Cheltenham in the last 30 years. The Jockey Club, which is the largest commercial group in British horseracing, raised nearly £25 million towards the funding of the Cheltenham Racecourse development through the first retail bond in British sport. The remainder of the capital will be funded through cashflow, commercial agreements and bank financing.
The heating of the grandstands will be by underfloor heating driven by Ground Source Heat Pumps. The heat pumps will extract heat from the ground in front of the grandstands from geothermal borehole arrays installed by Synergy.