"Nurturing success, inspiring participation" is the tag line on the cover of Horse Racing Ireland's Strategic Plan 2024-2028 which was launched at Punchestown on Tuesday.

The 24-page document sets out HRI's three main goals and nine strategic priorities for the next five years.

Equine welfare, recruitment of industry staff, increasing public engagement and improving financial sustainability at all levels of the industry for participants are some of the key areas HRI intends to address.

Introducing the Strategic Plan, HRI chairman Nicky Hartery said: "It is vitally important for our industry to share that the annual State investment [in racing] yields a 35-fold return in economic activity. HRI intends to continue delivering this return on Government investment by growing the industry's economic impact to €3 billion by 2028."

Suzanne Eade, HRI chief executive, said: "This plan sets out what HRI will do and how the organisation will deliver on strong growth plans for the industry. The Strategic Plan will be supported by a detailed implementation plan which will ensure the organisation is focused on our key priorities. In addition, those priorities will be regularly monitored and the outcomes measured during its life cycle."

CLICK HERE TO SEE HORSE RACING IRELAND'S STRATEGIC PLAN