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The Welsh Government's initial funding of the Circuit of Wales project

The Heads of the Valleys Development Company was established in 2009 and has subsequently developed plans to create an automotive cluster, centred on a performance racing circuit designed to host international motor sports events. The racetrack is planned to be situated just north of the Rassau industrial estate in Ebbw Vale, with the aim of attracting a range of two and four-wheel racing events, including Moto GP, with a target of attracting three quarters of a million visitors a year within three to five years of start-up. The project is forecast by the developer to create 300 full-time equivalent jobs, consisting of 49 full-time roles and 3,500 part-time temporary staff for events. There would also be employment opportunities created during the two years the track would be under construction.

 

The Committee has received correspondence regarding the project and the Auditor General for Wales undertook an audit following issues raised in the correspondence. His report was published on 27 April 2017. The Committee has agreed to undertake an inquiry into the issues raised.

 

Evidence Session

Date, Agenda and Minutes

Transcript

Video

Welsh Government

26 June 2017

Read the transcript for evidence session 1

Watch evidence session 1 on Senedd TV

 

Business type: Other

First published: 16/08/2016

Documents

 

 

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