From the following press release on the Ben Ainslie Racing website:
http://benainslieracing.com/2014/07/ben-ainslie-racing-win-government-support/
Ministers today announced £7.5million of Government funding to support Sir Ben Ainslie’s America’s Cup team and their proposal to be based on the Camber in Portsmouth. The news follows on from Portsmouth City Council’s decision to give planning approval for the site of the new base.
The announcement took place today at 10 Downing Street in the presence of the Prime Minister; David Cameron commented:
“Sir Ben Ainslie’s project is truly fantastic news for Portsmouth and the Solent. It will not only build on Portsmouth’s global reputation as a centre of marine and maritime excellence but will also deliver a real sporting and economic boost to the UK. It is a great example of our long-term plan – creating jobs as well as opportunities for young people to develop their skills through apprenticeships.
“This is an exciting and historic challenge and I hope the whole country can get behind Sir Ben’s campaign.”
BAR Team Principal and four-time Olympic gold medallist, Sir Ben Ainslie said:
“Portsmouth has a great maritime heritage and we felt it was a natural home for the team’s permanent base in the UK. There is excellent access to the water for the team’s training and to host future America’s Cup events, with fantastic spectator viewpoints. We hope through our journey to bring the Cup home to Britain we will inspire more young people to get involved in the sport, along with supporting the growth of the marine sector in the Solent area to match the country’s F1 innovation hub.”
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