 The academy was formed as a not @-@ for @-@ profit company in 1999 and officially opened on 1 April 2000 . It occupied converted naval premises until a clubhouse was built , which was opened in June 2005 by the Princess Royal . £ 7 @.@ 85 million of funding for the project was donated by charities , individuals and local councils ; the National Lottery donated £ 3 million in 2003 , and the South West Regional Development Agency added £ 3 @.@ 34 million . The academy 's aims are to promote the sport of sailing at all levels of competence and ability , through courses , training and events , and to contribute to the economic regeneration of the area . Since opening it has created a demand in service and marine industries worth around £ 10 million . WPNSA continues to promote sailing to local schools , offering benefits such as free boat hoist and storage . Use of the facilities and access to training is open to anyone in return for an annual membership fee . On 6 July 2005 , London was chosen to host the 2012 Olympic and Paralympic Games , and the WPNSA was chosen to host the sailing events . 
