PM Announces £8m Ben Ainslie America Cup Project.

THERE'S a buzz of excitement today after £8 Million in funding was approved to base a potential America's Cup H.Q. in Portsmouth and Southsea, TBG can reveal.

The newly formed Conservative led council has also approved plans to bring Ben Ainslie's yachting team to the Camber Docks, creating jobs, investment and huge potential for tourism in the future.

Sir Ben Ainslie's BAR Team will compete in the America's Cup in 2017.

Portsmouth South P.P.C. Flick Drummond exclusively told TBG - "Basing his team in Old Portsmouth will be inspiring for everybody, particularly young people, and I will be encouraging BAR to work with local businesses."

"This is a great opportunity for Portsmouth to create new businesses and jobs in the area."