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7.5m government investment for Portsmouth America’s Cup bas

July 1, 2014 by Tez

David Cameron announced today that Ben Ainslie’s proposed Portsmouth America’s Cup base will receive 7.5m of government funds to help get the project 'off to a flying start'.

Joining Mr Cameron, MP Penny Mordaunt, Caroline Dinenage and Michael Fallon, Sir Ben spoke with the prime minister about his plans. Images of the new facility were also displayed and Ainslie commented:  ‘A lot of that funding will go towards us being able to build our base in Portsmouth. We are very grateful from the support of the local residents and the council to have the permission to build this base.’

Along with the investment from ministers Portsmouth City Council will give an additional 1.4m to the venture that will see 90 people employed at the headquarters with more jobs created throughout the supply chain. Becoming the focal point for design, development and construction, the facility will also be used as a sports science and fitness resource and visitor centre.

David Cameron said: ‘Sir Ben’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.’


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