HCA Executive Director Colin Molton says, "This investment has clear benefits for an important local project and the wider economy, by securing employment, extra investment and keeping an internationally renowned sailing venue firmly on the map."
The Cabinet have been presented with a range of options to consider in relation to Real Ventures Ltd's request, but whatever they decide will not be able to be 'called-in' by other members.
As well as Jolie Brise celebrating her 100th birthday, Skype founder Niklas Zennström will be aiming for a hat trick at this year's Rolex Fastnet Race with his yacht Rán 2.