Restoration
Gipsy Moth IV remained undisturbed but gently rotting until, in 2003, Paul Gelder, editor of the London-based sailing magazine, Yachting Monthly, launched a campaign to restore the yacht and sail her around the world in 2006 on the 40th anniversary of Chichester's epic voyage, and the 100th birthday of the magazine. He enlisted the support of The Blue Water Round the World Rally, a club-style cruising rally that the magazine had been covering since 1995.
In 2004, in a joint proposal with Yachting Monthly and Gipsy Moth IV's owners, The Maritime Trust, the yacht was purchased by the United Kingdom Sailing Academy (UKSA) for the sum of £1 and a Gin and tonic (Sir Francis' favourite tipple). She was taken by road to Camper and Nicholson's yard in Gosport, Portsmouth Harbour, where she had been built and launched in 1966, for restoration. Although C&N did the work at cost price, the restoration cost over £300,000. As part of the yacht's restoration, the original B&G Navigation equipment was replaced with up to date electronics, but the original devices were left on a covering panel to maintain the feel of the 1966 build.
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