Cheltenham has announced the introduction of the Prestbury Cup ahead of this year's Festival to celebrate the rivalry between Irish- and British-trained runners.

The Prestbury Cup runs from the first race of the four-day meeting, the Sky Bet Supreme Novices' Hurdle on 11 March, until either country has 14 winners or more.

For the first time last year there were more Irish-trained horses winners than British-trained, with 14 trophies taken back across the Irish Sea.

Sophia Brudenell, communications manager for the South West Region of Jockey Club Racecourses, said: "The competition between Ireland and Great Britain is an element of the Festival that has grown hugely in significance over the last few years, noticeably when Ireland had more winners than Britain last year for the first time.

"It therefore seemed appropriate that the competition between the two countries should be given an official title, hence the name The Prestbury Cup.

"With such strong entries from Ireland this year, as well as hundreds of British-trained horses running, I'm sure The Prestbury Cup will provide a great narrative to The Festival."

The Prestbury Cup will be presented to jockeys and trainers from Ireland or Britain once the winning country is confirmed.

Coral have priced up Great Britain as 1-3 favourites to take the Prestbury Cup in its inaugural year, with Ireland 9-4.