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Investec and Epsom Downs have announced a ten-year extension to the Derby festival sponsorship until 2021, a deal they are billing as the biggest such agreement in British racing history.

The extension, agreed in the fourth year of the original five year contract, means the Investec Derby is reinstated as the richestrace in the UK offering a prize fund of £1,325,000 in 2012.

Epsom managing director Rupert Trevelyan said: "We are delighted that Investec have agreed to extend their sponsorship for a further ten years. They are a fantastic brand to work with, very forward thinking and proactive, and we will continue to work in collaboration with them to develop the Investec Derby Festival. It is only fitting for such a prestigious event like the Derby to have such a high profile, committed and long term partner.

"The recently announced prize money increases were a direct consequence of Investec's intention to strengthen their relationship with Epsom and the Derby Festival. In March we announced an increase of £25,000 to £350,000 for the Investec Oaks, a £50,000 increase to £300,000 for the Diamond Jubilee Coronation Cup (sponsored by Investec), and an increase to £50,000 for the Investec Derby Trial."

25 April 2012