The Forest Heath District Council officials have pledged £700,000 for funding a horse racing museum that was proposed to be set up to become one of the major tourist attractions in the area.

The Home of Horseracing project which will be built in Newmarket is scheduled to be open to the public by April of 2012. The establishment is deemed to be a world class museum for the horse racing industry wherein priceless works of art in relation with horse racing will be displayed.

The district council currently owns the buildings which date from way back from the reign of King Charles II, touted as the founder of organized horse racing.

The horse racing museum is said to cost £11 million with other funds coming from other councils who agreed to help in making this dream a reality.