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RWWA Introduces Credit Scheme for Mares
Meanwhile, still in WA, Racing and Wagering Western Australia (RWWA) is supporting race winning mares in Western Australia through Westspeed EPONA, a credit scheme designed to enhance the local thoroughbred breeding industry in WA, reports tbwa.net.au. As part of the initiative, 10% of prizemoney will be accumulated as a line of breeding credit, by any filly or mare who wins a WA race, excluding community meetings, to a maximum of $10,000. Westspeed EPONA forms part of RWWA's $6.8 million in additional Westspeed funding, to boost the thoroughbred breeding industry from FY21 to FY23. Due to the COVID-19 environment, RWWA has brought the initiative forward, with fillies and mares accumulating credits from 1 August 2019. These credits will be available to be redeemed from the 2020 breeding season, to use towards Westspeed Platinum Stallion service fees for their first two seasons at a stud or three years – whichever is the lesser."The EPONA credit scheme is designed to assist breeders with covering the costs of Westspeed Platinum Stallion service fees as well as encourage more mares to go to stud in, and race in WA," explained David Hunter, RWWA Manager Commercial Racing and Planning. "Through the scheme encouraging investment in the WA breeding and racing industry, as well as rewarding owners and breeders who invest in locally bred horses, it will also raise the value of locally owned and raced mares."