THE return to Southampton of one of the world's most famous yachting challenges in three years' time will herald a new era for the race.

And it should also mark a multi-million cash bonanza for businesses across the south.

Organisers of the Volvo Ocean Race have undertaken a radical overhaul of the event in a bid to revitalise it in the wake of criticism from competitors.

Its new look will see Southampton host a spectacular stopover start and finish over two weeks in the spring of 2006.Traditionally the city has hosted either the beginning or end of the challenge, and tens of thousands of people have gathered on the waterfront to enjoy the excitement over the years.

But the revamp should see a colourful carnival atmosphere in Southampton - and bring a huge boost to the region's economy.

In previous years the city has raked in around £7m from being part of the race.

But the figure should be even higher this time as the event will be focused on the city for a fortnight, bringing a huge tourism boost.

TO READ MORE ON THIS STORY AND THE VOLVO OCEAN RACE GO OUR SISTER SITE SAIL SOLENT AT: http://www.thisissouthampton.co.uk/hampshire/sailsolent/volvo_ocean_race.html