After hiring a new event manager, the company behind Horse of the Year now has its sights set on securing more ratepayer funding for Hawke's Bay's largest sporting event.
Cynthia Bowers, chairwoman of Horse of the Year (Hawke's Bay) Ltd (HOYL), said yesterday the company had made submissions to Hastings District and Napier City councils seeking a significant increase in funding.
The requests were being made through the councils' long term-plan consultation processes, where the they consider feedback on their spending priorities for the next 10 years.
The Hastings council, which provided $35,000 to the annual equestrian event last year, was asked to boost its contribution to $150,000 a year, while Napier was being asked to up its annual contribution from $10,000 to $100,000.
Ms Bowers, who is also Hastings deputy mayor, said in other parts of the country councils contributed 5 to 10 per cent of the economic benefit of major events. HOY brought an estimated $12 million benefit to the region but the company recognised the twin city councils were not in a position to contribute 5 per cent of that, which would amount to $600,000. "But we do think the two councils do need to step up their support to a combined level of $250,000," she said.