MLA Claire Sugden has described Northern Ireland's recent motorcycle racing crisis as a "wake-up call".
A revised insurance deal was agreed last week to allow events including the North West 200 to take place in 2023.
It is a massive boost - and relief - for the sport here after all bike racing in Ireland had been cancelled in February because of soaring insurance costs.
Read more: North West 200 and other NI motorcycle events to go ahead in 2023
East Londonderry Assembly Member Sugden has welcomed the news that racing has been saved for this year.
But she added that the recent crisis should act as a reminder that work needs to be done to save the sport here.
She said: “It is fantastic news that all motorsport road racing, including the NW200, will now be able to go ahead this year. This is a big relief for event organisers, local tourism, and business.
“The NW200 is the biggest outdoor sport on the island, has run for nearly 100 years, attracts thousands to the north coast and contributes millions to the local economy.
“Each year it fills our hotels, guesthouses, shops, and restaurants, as well as entertaining motorsport fans locally and across the globe.
“We were devastated when the news broke that the NW200 was cancelled, and valid concerns were raised about the future of the event due to rising costs. It is disappointing that an absent government meant that public support and assistance could not be offered for an event which impacts much more than road racing itself."
A revised insurance quote was received by the Motor Cycle Union of Ireland (Ulster Centre) earlier this month, while over £90,000 has been raised through a crowdfunding campaign.
Co Tyrone businessman Derek Keys from Euro Auctions also made a generous donation to ensure the North West 200 could go ahead as planned this May.
Sugden added: “Full credit must be given to event organisers and fans for saving Ulster motorsport – fans who facilitated fund-raising drives in order to contribute to keeping the event running.
"People’s generosity has been incredible and demonstrates how important events like this are for Northern Ireland.
“The uncertainty should be a wake-up call for those who value events like the NW200 and the boost they offer local tourism.
"We cannot become complacent and should be looking forward to seeing the NW200 in 2024 and in the years ahead.”
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