Hon STUART NASH (Minister for Economic and Regional Development): In tandem with the international Sail GP organisers, yesterday we announced that New Zealand has secured a leg of the competition for the next four seasons. Lyttelton Harbour will be one of 10 international stopovers for season 3 of the competition, which runs across 2022 and 2023, and Auckland and Christchurch will host alternative seasons after that. The Government has secured hosting rights through a partnership with the Economic Development Agencies ChristchurchNZ and Auckland Unlimited. I have approved funding of up to $5.4 million over four years from the Ministry of Business, Innovation and Employment's major events fund, and the agencies will co-fund it as well. Sail GP is one of the most exciting sailing races in the international calendar, and the races on Lyttelton Harbour and the Hauraki Gulf will allow spectators to enjoy high-speed action up close.