Kiwi Crankworx mountain bike events get $8 million government boost
Rotorua will resume hosting the first leg of the world tour from 2023 to 2027, supported by the funding.
An $8.1 million funding boost for the Crankworx Mountain Bike Festival will support its Rotorua event through 2027 and secure up to 24 events across the South Island.
The funding package was announced on Tuesday by Economic and Regional Development Minister Stuart Nash, who said government money Major Events Fund would provide significant economic, social and cultural benefits to the country.
“It’s one of the biggest mountain bike festivals in the world with a huge international audience, so it’s great to continue to host it in Rotorua, a city that has a well-deserved reputation as a destination. world mountain bike world.
He said the funding would support the staging of six Crankworx Rotorua mountain bike events, including the Grand Final in November this year, and the return of Rotorua hosting the first stage of the Crankworx World Tour from 2023-2027.
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It would also secure the future of up to 24 Summer Series mountain bike events held across the South Island, following a successful launch in 2021.
“I am delighted to be able to support the future of Crankworx World Events in New Zealand,” said Nash.
Rotorua has hosted a stage of the Crankworx World Tour for the past seven years, attracting international visitors while encouraging the development and upgrade of mountain biking and event infrastructure in the city, he said .
“The cumulative economic impact of the 2015 – 2021 events has been independently assessed at over $25.9 million, which does not include the ongoing economic benefits of international visitors traveling beyond the event, as well as the lasting awareness and hype generated for Rotorua,” Nash said.
“As we welcome back our international visitors, this is the perfect time to expand our commitment to the mountain bike festival.
“This funding will support extended summer series events, which help spread social and economic benefits across our South Island communities, particularly in Central Otago, Queenstown and Wānaka.”
Crankworx Rotorua was established in March 2015 and was the first festival to be held outside of North America and Europe.
Crankworx Rotorua will receive an investment of $1 million for the Crankworx Grand Finals 2022, $700,000 for 2023, $1 million for 2024 and $800,000 in 2025, 2026 and 2027.
The remaining funding would go to South Island Summer Series events through the end of 2027.