Yesterday, Prime Minister, David Cameron announced that £7.5m of government funding will be granted in support of Sir Ben Ainslie's state-of-the-art team America's Cup sailing team HQ at Camber Docks in Old Portsmouth.
The announcement followed a meeting earlier in the morning involving Ainslie, the Prime Minister, Portsmouth MP Penny Mordaunt, MP for Gosport Caroline Dinenage and minister for Portsmouth Michael Fallon.
Ainslie has confirmed that the £7.5m will kick start the building of Portsmouth’s new home for sailing. The building will mainly serve to improve Ainslie’s chances at winning the first America’s Cup with a British team, having become the first British sailor since 1903 to compete on a winning America's Cup boat last year. However, the new Portsmouth HQ project also hopes to leave a legacy by boosting the local economy, creating around 90 new jobs, and inspiring a younger generation to start sailing.
The government support will be added to £1.4m, already offered by Portsmouth City Council, still leaving the fund around £3m short of the final build price. However, looking back at our coverage of Ainslie’s America’s Cup bid over the last few months, he certainly doesn’t seem to be struggling to pull in favours and support from high places.
For all the latest news and discussion, follow us on Facebook.
Article by Jack Bartrop
Image Credit: Portsmouth News