The scheme was introduced in 1994 and provides free racecourse entry for qualifying members at over 1,200 participating fixtures. This important reduction in the qualifying criteria is the first major change to the scheme and will take effect from January 1 2010.
The agreement is testament to the partnership between the ROA and RCA, and will allow a broader section of ROA members to take advantage of the scheme.
ROA President Paul Dixon said: "We are very pleased that we have reached agreement with the RCA to extend the Racecourse Badge Scheme for Owners to a larger numbers of our members. This cements our strong partnership with the RCA and the racecourses, in addition to our other effective working links such as the Gold Standard Awards. We are grateful for the RCA's support in putting fresh impetus into the scheme.
"Owners are a key customer group in racing, and incentives like the scheme help to ensure they feel valued. Owners are often generous spenders on racecourses and so there are mutual benefits."
RCA Chief Executive Stephen Atkin added: "The expansion of the ROA/RCA Badge Scheme is a further example of the importance that the RCA and racecourses attach to both the ROA and racehorse owners generally, as we strive together to continue to put on high quality horseracing for all those investing, participating and interested in our wonderful sport. The RCA is continuing to work closely with the ROA and the Horseman's Group, as partners in Racing Enterprises and in the progression of the vital Racing For Change project to bring in new converts to racegoing and racehorse ownership alongside our existing supporters."