Northern Tablelands MP Adam Marshall was this week in Moree to announce the stimulus funding, which Moree Race Club president Rod Mather said is very welcome.

"We're very appreciative of this funding," he said.

"It'll be better for the patrons."

Moree Race Club has been wanting to undertake a large-scale revamp of the 50-year-old grandstand for years.

Mr Marshall said the current grandstand has been restricted for some time, due to concrete cancer weakening the structure and making it unsafe for large numbers of spectators.

"Preliminary engineering assessments have been conducted on the grandstand and more detailed assessments will now be undertaken with the use of the first tranche of this funding," he said.

"These assessments will determine what repair work will be needed to rectify the situation or if a replacement grandstand would be more cost effective.

"This investment to restore a key piece of recreational infrastructure will provide a boost for the local turf club and the many residents who enjoy a great view of the action during a day at the races.

"Horse racing has had a long and distinguished history in the region with the first Moree Cup held in 1881 and this $1.1 million stimulus funding will help continue that legacy."

Mr Marshall said $260,000 would be provided this financial year and $840,000 next financial year to allow for assessments and the repair or replacement of the racecourse's grandstand facilities.

"Moree Race Club president Robert Mather and his committee have worked hard for many years now improving the trackside facilities and deserve congratulations," he said.

"Moree Racecourse is a considerable visitor drawcard for the North West, with its regular meets attracting hundreds of people to town."