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14 May 2002, 10:31 am
Financial Rewards to Young Sailors
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New Zealand International Yachting Trust

The New Zealand International Yachting Trust Offers Chance Of Financial Awards For Young Sailors In Aircalin Auckland To Noumea.
The New Zealand International Yachting Trust have announced that they will be providing substantial financial awards for the first time to some of the young New Zealand sailors participating in the Aircalin Auckland to Noumea Yacht Race starting on 25th May.

The Trust (NZIYT) was established in 1988 to assist in funding New Zealanders competing in Olympic and other international amateur yachting competitions.

NZIYT is a registered charitable trust and its concept is to foster the development of international skills and experience amongst New Zealand yachtsmen and yachtswomen.

The Trustees believe that if New Zealand is to maintain its place as one of the top yachting nations in the world it is essential that our sailors have adequate opportunity to compete in international regattas and championships.

The high cost of travel and transport as well as ever increasing campaign costs places our sailors at a considerable competitive and financial disadvantage.

The Trust has in the past principally paid grants on the basis of performance to recognise success by New Zealand sailing representatives across a range of world championships and other international competitions, from dinghy classes to international offshore keelboat events.

Grants made by the Trust to date total over one million dollars. Several members of the 'Black Magic' team were past recipients of grants from the Trust as a result of their own individual successes in international competition.

This year the Trust is adding a new dimension by offering the opportunity of financial assistance to subsidize the expenses of young New Zealand sailors who wish to gain experience yacht racing offshore.

The Aircalin Auckland to Noumea Yacht Race is a well-known offshore race over 980 nautical miles and is sailed by top skippers, crews and yachts from not only New Zealand, but also New Caledonia and Australia.

The experience of sailing this challenging race is invaluable for young sailors building a platform for their future sailing careers and following their passions.
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