Please select your home edition
Edition
HALLSPARS_BOOMS_SW_728X99MILLIUS-65

America's Cup: $20million fund created to provide Cup legacy

by Ministry of Internal Affairs 29 Nov 2018 16:29 NZDT 29 November 2018

A stand-alone Lottery Fund has been created to help communities throughout New Zealand benefit from the 2021 America’s Cup.

Internal Affairs Minister Tracey Martin says the Fund allows community groups to apply for grants that will create community benefit related to Auckland hosting the America’s Cup, maximising the benefits from the event.

“The America’s Cup is a global event, and having it here is a significant opportunity – one that can benefit towns and cities across New Zealand in the lead up to, during and post-2021,” Minister Martin said.

“While Auckland will be hosting the event, the Fund aims to spread community gains across the country.”

Answering questions in Parliament today on the new Fund, the Minister made it clear that yacht clubs were one group who would be able to apply for funding from the America's Cup fund.

The Lottery Grants Board made the decision to create the Fund – the Lottery Fund for Community Benefit Related to the America’s Cup Committee – and it has been allocated $20 million.

The Fund will be open until the end of December 2020 or until funding has been fully distributed. Funding is available for capital projects and items that relate to or connect New Zealanders to the 2021 America’s Cup.

A new Lottery Distribution Committee, responsible for making decisions on applications to the Fund, has also been appointed.

The newly appointed members have knowledge and experience from a range of different areas as well as being experienced Lottery Committee members. Katie Noble and Richard Pamatatau have knowledge of Auckland communities’ networks and needs, while Arihia Tuoro and Garth Clarricoat have experience of national funding. Ms Noble has been appointed as the Chair of the Committee.

“Lottery distribution committees make a major contribution to communities across the country. The appointees bring a wealth of knowledge, experience and community connections,” Minister Martin says.

The first decision meeting of the Committee will be held in mid-December 2018.

Further information on the Fund can be found on the Department of Internal Affairs Community Matters website: click here

Details on how to apply for the Fund can be found by clicking here

Related Articles

America's Cup: DutchSail updates on funding
DutchSail appears to be making good progress towards its funding objectives One of the three Late Challengers for the 36th America's Cup, DutchSail appears to be making good progress towards its funding objectives according to reports and interviews appearing in the Dutch media over the weekend. Posted on 22 Apr
The grind is on for Emirates Team NZ's sailors
Two years out from the 36th America's Cup and the grind is on for Emirates Team New Zealand's sailin Two years out from the 36th America's Cup and the grind is on for Emirates Team New Zealand's sailing team. Posted on 17 Apr
America's Cup: New Sponsor signs with Emirates TNZ
Emirates Team New Zealand signs HP as new Official Sponsor Leading technology supplier, HP has strengthened its collaboration with Emirates Team New Zealand, rejoining for the 36th America's Cup campaign as an Official Sponsor Posted on 16 Apr
Emirates Team NZ's Shoebridge outlines Cup plans
Emirates Team NZ's Kevin Shoebridge gives a heads-up on what to expect from now to Dec 2020 Emirates Team New Zealand COO, Kevin Shoebridge says that a revised America's Cup World Series schedule will help Emirates Team New Zealand and the three so-called Super Teams. Posted on 12 Apr
America's Cup: Spithill winds up Kiwi media, again
America's Cup winner Jimmy Spithill back on form for biography launch in Italy As part of the launch of the Italian language edition of his biography, former Oracle Team USA skipper, Jimmy Spithill couldn't resist a small indulgence in one of his favourite pastimes - teasing the Kiwi fans and media Posted on 10 Apr
Emirates Team NZ on the America's Cup money-hunt
Emirates Team NZ's Kevin Shoebridge on the fundraising process for a commercial Am Cup team Imagine having to raise northwards of $100 million within four years just to run your business, and not being entirely sure how you're going to do it. This is how Emirates Team New Zealand operates day-to-day. Posted on 10 Apr
America's Cup: SSUSA has management change
Two of the late Challenging teams have confirmed they are definitely in the 36th America's Cup Following claims by 3News that "half of the boats challenging for the America's Cup will not make it to the start line in 2021", two of the late Challenging teams have issued statements confirming they are definitely in the 36th America's Cup. Posted on 3 Apr
Gladwell's Line: The Riddle of the Am Cup Releases
Two years to go seems to be a critical time for America's Cup campaigns. It was a surprise to get a call mid-afternoon yesterday from a TV news reporter, asking if there was any truth in the statement that all three of the late Challengers were writing media releases saying they were pulling out of the 36th America's Cup. Posted on 3 Apr
Work progresses on America's Cup bases in Auckland
Work is proceeding on several fronts for the construction of America's Cup bases, in Auckland. Work is proceeding on several sites for the construction of America's Cup bases, in Auckland. The first bases are expected to be handed over in four months Posted on 2 Apr
Am Cup: April is the month of truth for the Dutch
Pressure is on the DutchSail team as they put together the funding for their Dutch entry in Am Cup As payment deadlines come and go in the 36th America's Cup, the DutchSail team have issued a media statement indicating that the team is making progress towards achieving a build deadline. Posted on 1 Apr
Collinson and CoNaiad 660x82px_SuperyachtIDS--Bruce-660x82