Senior civil servants in Wales have been criticised by the Welsh Public Accounts Committee over their botched handling of financial affairs surrounding the failed £433M Circuit of Wales. The committee said the officials made "inexplicable decisions" about the spending and authorised £9M initial investment, but it’s unlikely to see £7.3M returned as the … [Read more...]
Newslines 20 February
As Welsh Government scrutinises a detailed financial proposal to build the £425M Circuit of Wales, it has emerged that nearly £1M was given by the developers to another consultancy headed by the project's chairman. Michael Carrick set up the Heads of the Valleys Development Corporation, which has received £9M grants and loans from Welsh Government for … [Read more...]
