The event was established in 1974, when it was introduced as a replacement for a previous race at the Festival, the George Duller Handicap Hurdle. It was originally sponsored by
Coral, and for much of its early history it was titled the Coral Golden Hurdle Final. It has had various sponsors since 1993, and the latest of these, Pertemps, began supporting the race in 2002. The Pertemps Network Final is served by a series of qualifier races which take place during the preceding five months. A horse has to be placed in the first four in a qualifier race to be eligible to run in the Final. In the 2023–24 season there are 14 qualifier races, all in Great Britain. In previous seasons qualifiers have included races in Ireland and France. The race was raised from Listed to Grade Three status from 2018 and reclassified as a Premier Handicap from the 2023 running when Grade 3 status was renamed by the
British Horseracing Authority. ==Records==