Gipsy Moth IV, one of the best known yachts in the south west, is returning to Plymouth from a second round-the-world voyage, 40 years after its first circumnavigation.

The yacht has spent two years recreating Sir Francis Chichester's history-making 1967 trip and this time the yacht has been crewed by teams of disadvantaged children.

Thousands of people are expected to welcome the vessel back to Plymouth, to where Sir Francis also returned.

Gipsy Moth IV set off on its second lengthy voyage in September 2005 after undergoing a £300,000 refit.

The 53ft vessel had been held in dry dock in Greenwich, London, until the UK Sailing Academy, based on the Isle of Wight, bought the boat for £1 and a gin and tonic.

The refurbished yacht set out from Plymouth, Devon, crewed by teams of three 16 to 23-year-olds from disadvantaged backgrounds.

After returning to Plymouth, Gipsy Moth IV will travel to Cowes to join the UK Sailing Academy's fleet of yachts used to take young people on sailing trips.

Sir Francis Chichester returned to Plymouth in 1967, nine months and one day after setting sail round the world. His voyage was the first proper solo circumnavigation via the three Capes of Hope, Leeuwin and Horn, making only one stop.

The adventurer was later knighted by the Queen.