The Speedway Riders’ Benevolent Fund or “Ben Fund” as it is known was formed in 1948 by Lieutenant Colonel Reginald Vernon Charlesworth Brook OBE, Sir Arthur James Elvin MBE,
Managing Director of Wembley Stadium Ltd, and Major Cecil Laurence Smith, Managing Director of London Motor Sports Ltd., with an investment of £6179.
The Fund was registered as a Charity for the purpose of assisting British Speedway Racers, their dependants and family, following serious or life-changing Speedway related accidents.
Over the years the Fund, which is now regulated by The Charity Commission, has evolved and its main purpose is to benefit former Speedway Riders, Current Speedway Riders, and their families, following serious or life changing injuries whilst racing for a British Speedway Club or representing Great Britain at International Level Speedway.
The Fund can assist in many ways for example necessary home adaptations to allow wheel-chair access etc., Medical Equipment, Specialist Care, Financial Support and the General Welfare and Wellbeing of those who have suffered life changing injuries, as deemed fit and proper in deserving cases.
Great Britain is the only Speedway Nation in the World to have a specific charity to assist its injured Racers.
The Fund is administered by a team of 5 Trustees and a Secretary/Treasurer who look after the day to day affairs. There is also a team of loyal helpers who assist with fund raising events and activities.
None of the Ben Fund helpers or Trustees receive any financial remuneration for their input, all are unpaid volunteers.
The main source of income for the Fund is the annual “Benfund Bonanza” Meeting, bucket collections held at tracks, individual Fund Raising Events, donations and bequests.
The average annual expenditure for assistance provided is currently around £100,000.