The Government is backing the Crankworx Rotorua Mountain Bike Festival, yesterday announcing it will invest $420,000 from its Major Events Development Fund in the 2015 and 2016 festivals.
Crankworx Rotorua co-event manager Tak Mutu said he was "friggen stoked" with the funding, which would go a long way to "take the event to the next level".
"It is an essential part of getting any major event running in New Zealand, and the Government knows what worth major events are to the country; there is an economic return, but it is also what the events do to the place in the long term.
"This is significant here in Rotorua because mountain biking is a real asset, and we need the rest of the world to know about it.
"We couldn't do it without the support of funders like the Energy Charitable Trust, like the council, [which] makes it a truly world-class event.