Circuit of Wales has been given two weeks to declare its major backers and show a revised business plan to Welsh Government. Economy Secretary Ken Skates yesterday told Welsh Assembly Members that the Heads of the Valleys Development Company should speed up the scheme overlooking Ebbw Vale. He said there was concern at the long delays in reaching … [Read more...]
Pembrey Circuit development announced
Pembrey Circuit is being developed to improve its layout and racing. The new courses which will be available for track and rallycross use this season have been shown in a video on YouTube. which was posted last night. Circuit manager Phil Davies has been instrumental in pushing through the new plans with the British Automobile Racing Club and Llanelli … [Read more...]
Circuit of Wales to have world’s biggest Extreme centre
Extreme Sports Company has confirmed it will open the world’s largest action centre at the proposed Circuit of Wales site near Ebbw Vale. While Welsh Government has yet to decide if it will back the Circuit of Wales motor sports complex, Extreme chairman and ceo Alistair Gosling, Chairman and Chief Executive of Extreme, said they have a master-plan in … [Read more...]
Welsh motor sport business backs Children In Need
As an official supporter of this year’s BBC Children In Need Appeal, promoters of the British MotoGP™ donated £1,786 to the charity. The figure is based on revenue received from advance ticket sales for the 2017 World Championship British MotoGP™ event – which takes place at Silverstone Circuit over the August Bank Holiday weekend. Next year’s British … [Read more...]
Silverstone sale is back on the grid
Silverstone is back on the market. JLR has pulled out of the proposed purchase of the F1 venue to use it as an engineering base and another bid by millionaire Ginetta owner Lawrence Tomlinson has also lapsed. Reports say that Porsche, which has base at the track, holds a covenant which would stop another car maker using the facility for more than 45 … [Read more...]
Newslines 21 October
Volvo parent Geely Automobile of China will use its Lynk brand to launch a modest priced SUV. Using technology it has in Volvo engineering, the new car (right) is expected in Europe in 2018 with a 3-cylinder 1.5 petrol engine and an electric motor to boost performance and economy. Sunderland will learn next month if it gets the next generation … [Read more...]
Circuit of Wales moves closer to reality
The Circuit of Wales development is moving a step closer to reality. WheelsWithinWales understands promoters of the £370m project at Ebbw Vales have now raised additional private capital for the scheme which should meet Welsh Government requirements. Two previous bids for Welsh Government support to fund part of the project were rejected as falling … [Read more...]
BREAKING NEWS: Circuit of Wales development stalls again
Revised investment plans for the proposed Circuit of Wales have been rejected today by the Welsh Government. Ken Skates AM, Cabinet Secretary for Economy and Infrastructure said in a statement that there was still too much risk put on the public purse by the £370 Million scheme outside Ebbw Vale, particularly in the light of the expected Brexit budget … [Read more...]
Lights go on for Circuit of Wales
The future of the proposed £375 Million Circuit of Wales will probably be decided tomorrow. The Welsh Government is expected to announce if it will underwrite a substantial part of the project it said in April it couldn’t support in its entirety. Then it left the door adjar for further talks over revised funding and the developers put a new package … [Read more...]
New plan proposed to finance Circuit of Wales
Developers of the £357m Circuit of Wales say they have a proposed new deal and hope to start construction within six to eight weeks to save the race track plans. The revised investment package has been put together with private investors Aviva but needs support from two local councils who have previously declined to be involved. The Welsh Government on … [Read more...]
