Mansfield will hold onto some of its race meetings after lobbying against Racing Victoria's initial recommendations which would have seen training facilities closed and funding cut.

Racing Victoria Ltd's infrastructure plan released on May 12 outlined a considerable cut for Mansfield District Racing Club.

Recommendations initially published earlier this year in RVL's Racing to 2020 review saw the club set to lose its training facilities along with $43 000 in funding.

These recommendations forced Mansfield Shire Council to show its support to both the club and community by completing a submission to RVL outlining the considerable impact this decision would have on the Mansfield economy and jobs in the district.

The recommendations would have seen employment and the economy under threat, as the industry provides an essential boost in tourism dollars.

In what club secretary Robert Graves describes as a win for the club and the community, the new RVL plan has addressed the club's plight.

The club has been allowed to retain its training facilities but has been handed a 20 per cent cut in funding to $34 400, with no funding after five years.

The club will also retain its two race meetings, although the Boxing Day race meeting has been permanently downgraded to a picnic race meeting.

Faced with two picnic races and a reduction in funding, the club has a big job ahead of it to make up the shortfall in revenue.

Mr Graves said the club had been faced with a great challenge, and plans had been put in place to make the two race meetings an even bigger success.

The industry has a long and fruitful history in Mansfield, stemming back to the 1860s, with valuable contributions made to the industry by local jockeys and trainers.

Most recently, jockey Luke Nolan won last year's Cox Plate and the Blue Diamond at Caufield, providing a great source of pride for the community.

Mr Graves urged Mansfield locals and visitors to show their support by attending one of the two picnic races this year held on Melbourne Cup Day and during the Christmas period.

This support should help what remains an essential element in Mansfield's sporting and social calendar.