One of Ireland’s oldest racetracks has been given a major boost and more investment pending.

Waterford and Tramore Racecourse's new €300,000 entrance building has been opened to the public - a development which was 40% funded by Ireland's horse racing governing body, Horse Racing Ireland.

The development is part of a €1 million upgrade of the seaside track.

Upon opening the new entrance building Horse Racing Ireland CEO Brian Kavanagh said:

"HRI is very happy to support the investment at Tramore through the Racecourse Capital Development scheme. 

"I would like to congratulate the team at Tramore for their continuous efforts to deliver customer-facing improvements and industry essential works, enhancing the raceday experience for everyone."

All 26 racecourses in Ireland were eligible to apply for funding under the scheme with HRI and it is estimated the entire Racecourse Capital Development Fund will support in the region of 1,300 jobs during the course of its completion.

Improvement works include a new main entrance, with automatic turnstiles to facilitate online bookings, two new offices and a state-of-the-art new meeting area.

Racecourse General Manager Sue Phelan said: "We are absolutely delighted with the finished result."

Along with an upgrade of the middle stand, replacing the commentary and photo finish areas, and a completely new parade ring, the next phase of the €1m works sees major investment in the stable yard.

Tramore celebrated 100 years of racing in 2012 and the racecourse was the very first race meeting of the millennium in Britain or Ireland.