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Brits own horses as both pets and equestrian athletes.
Did you know?
The leading pets in the UK
With 7 million dogs in the UK, dogs are the most popular pet in the UK. The number of horses and ponies is 1% of this number, with only 100,000 kept as pets. The concentration of horses is highest, at 3%, in four regions: the South East, the South West, Wales and Scotland.
The cost of owning a horse
Owning a horse is a huge investment. A horse living on full livery can cost up to £10,300 a year. Check out an overview of the largest costs on average in the chart below and head to the table for a more in-depth look at the finances.
|Item||On grass livery||On DIY stabled livery||On full livery|
|Hay, straw and shavings||£140-£220||£1,040-£1,560||Normally included in livery fee.|
|Feed||£120-£240||£260-£520||Normally included in livery fee.|
The overall cost of keeping a horse is wholly dependent on the type of field you are renting. Per year, the cost of full livery is at least four times the price of a grass or DIY stable livery. While the majority of the remaining costs are the same across the three types of livery, a DIY stabled livery requires £1,690 worth of food to be purchased. Therefore, the most cost-effective way to have a horse is to keep it on a grass livery.
The economic value of the equestrian sector
With 27 million people in Britain interested in the equestrian industry, it’s an extremely lucrative market. The exact scale of this economic value is illustrated by the graph below, which shows the gross gambling yield from 2008 to 2018 for on and off-course horse race betting.
Equine World UK
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