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869436
star this property registered interest false more like this
star this property date less than 2018-03-22more like thismore than 2018-03-22
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Boating: Finance remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent estimate he has made of Government funding for Ben Ainslie’s sailing team; what assessment was made (a) before and (b) after that expenditure of its cost-effectiveness; what return was expected from that investment; and whether further funding will be allocated to the team. more like this
star this property tabling member constituency Carshalton and Wallington more like this
star this property tabling member printed
Tom Brake more like this
star this property uin 133950 more like this
star this property answer
answer
star this property is ministerial correction true more like this
star this property date of answer less than 2018-04-04more like thismore than 2018-04-04
unstar this property answer text <p><del class="ministerial">In 2014 Government agreed up to £7.5 million funding to support Sir Ben Ainslie’s America’s Cup team and their proposal to be based on the Camber in Portsmouth. Details of this funding agreement have previously been released and are publicly available here:</del></p><p><del class="ministerial"><a href="https://www.gov.uk/government/news/government-approves-75-million-for-sir-ben-ainslie-project-to-boost-portsmouth" target="_blank">https://www.gov.uk/government/news/government-approves-75-million-for-sir-ben-ainslie-project-to-boost-portsmouth</a></del></p><p><del class="ministerial">No further funding to the team is currently planned.</del></p><p> </p><p> </p><p><ins class="ministerial">In 2014, under the Coalition Government, the Department for Business, Innovation and Skills, the Department for Communities and Local Government, and the Department for Culture, Media and Sport agreed a funding package of up to £7.5 million to support Sir Ben Ainslie’s America’s Cup team and their proposal to base their permanent headquarters on the Camber in Portsmouth. This was announced by the then Secretary of State for Business, Innovation and Skills, the Rt hon Member for Twickenham (Sir Vince Cable).</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">This funding ensured the racing team’s commitment to basing their operations in Portsmouth for a minimum of 12 years to support three America’s Cup cycles, which in turn enabled economic benefits for the city’s marine and maritime sector. It also helped support community engagement and sailing participation projects in collaboration with Sport England.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">The benefits arising from this investment extended beyond the sailing team. They included direct economic benefits from the generation of jobs and apprenticeships, together with the up-skilling of workers in the Solent area, the setting up of a Technical Innovation Group to help feed the innovations in applied technology developed by BAR into the marine industry, engagement with schools and higher education institutions, engagement with the local supply chain, and the setting up of a visitors’ centre.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">Published details of this funding agreement are available here: <a href="https://www.gov.uk/government/news/government-approves-75-million-for-sir-ben-ainslie-project-to-boost-portsmouth" target="_blank">https://www.gov.uk/government/news/government-approves-75-million-for-sir-ben-ainslie-project-to-boost-portsmouth</a> </ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">No further funding to the team is currently planned.</ins></p>
star this property answering member constituency Burton more like this
star this property answering member printed Andrew Griffiths more like this
star this property question first answered
less than 2018-04-04T15:02:01.737Zmore like thismore than 2018-04-04T15:02:01.737Z
star this property question first ministerially corrected
less than 2018-04-12T10:59:34.63Zmore like thismore than 2018-04-12T10:59:34.63Z
star this property answering member
3936
star this property label Biography information for Andrew Griffiths more like this
star this property previous answer version
51247
star this property answering member constituency Burton more like this
star this property answering member printed Andrew Griffiths more like this
star this property answering member
3936
star this property label Biography information for Andrew Griffiths more like this
star this property tabling member
151
unstar this property label Biography information for Tom Brake remove filter