The club is the largest commercial group in British horseracing and owns famous racecourses such as Cheltenham, Aintree, Epsom Downs and Newmarket.

It is inviting investments of between £2,000 and £100,000 over a minimum five-year term for a fixed annual return of 4.75% gross interest paid in cash and a further 3% in ‘Rewards4Racing Points’, which can be used to buy or gain discount against purchases such as tickets and food and drink at any of The Jockey Club’s 15 racecourses nationwide.

The Jockey Club Racecourse Bond has been launched in a bid to raise at least £15m in capital to put towards an iconic new £45m Grandstand development at the Group’s flagship Cheltenham Racecourse, which last month welcomed more than 250,000 people for the 2013 Cheltenham Festival. The Jockey Club is governed by Royal Charter, so reinvests all profits back into its sport.

Paul Fisher, group managing director of Jockey Club Racecourses, said:

“Several million people every year enjoy a day at the races, whether you are lifelong fan of the sport or just love a great day out. Our racecourse bond offers you generous cash returns at a time of rock-bottom interest rates, with a racing rewards element that can pay for your racing experience at any of our 15 courses nationwide.”

Applications for the bond are due to close on 17 May and will be considered on a first come, first served basis.