Supercars will return to Phillip Island from next year, helping to fill the hole left by the island's loss of the MotoGP to South Australia.
Victorian Major Events Minister Anthony Carbines today announced a five-year deal for the circuit to host a Supercars Championship final series round. It will be the first time since 2019 that the island has hosted Supercars.
Phillip Island will hold its final MotoGP from October 23 to 25. The track has hosted the event since 1989, but lost it after the Victorian government rejected a request to move the race from Phillip Island to Melbourne's Albert Park. The island has also lost the Australian round of the FIM Superbike World Championships, which will be held there for the last time in 2027.
The loss of the two international events has created anxiety in the local business community, which relies heavily on tourism generated by race weekends. Local tourism body Destination Phillip Island says racing is worth $80 million to the local economy.
Phillip Island will also host a Festival of Motoring in March next year, with Labor and the Coalition both promising to back the event. Opposition major events spokesperson David Southwick said the Coalition would provide $100,000 to fund the event if it wins November's state election.