The North West 200 has received funding of £61,800 from Causeway Coast and Glens Borough Council.
The money will ensure that the event can take place next year, after falling into significant financial difficulties caused by the coronavirus pandemic.
Councilor Chris McCaw said “The NW200 is the most important event in the Borough and it is vital that it continues.
I am happy that Council has voted this evening to provide the event with the full grant we had allocated to them, although sadly the event is not happening this year. I hope we will see it back in 2021.”