Prize money for the Derby at Epsom will rise to £2m in 2026 making it the joint-richest race in the UK as part of a series of changes.

The Jockey Club is increasing its prize pot by £500,000, with £1m going to the winner.

Other changes for next year’s Derby, which will be run on 6 June, include under-18s being given free entry to the two-day meeting in an effort to encourage a new generation of fans.

The Coronation Cup has been switched from the Friday to the Saturday and its prize money has more than doubled from £450,000 to £1m through new sponsorship from racehorse breeders Coolmore.

Across both days there will be a prize money increase of £1.375m, with the Oaks remaining as the feature race on the Friday.