Paul Jeffrey
Premium
Proposed development of £350 million Circuit of Wales international motorsport circuit, technology park and training facility has received a significant boost with news that the Welsh Government has now granted 'final approval' to de-register common land located within the planned motorsport development in Ebbw Vale.
After a number of setbacks in recent months this latest news will be a major boost to the Heads of the Valleys Development Company (HOTVDC) who are responsible for the planned venue.
HOTVDC have additionally confirmed that the full finance package is already in place for construction to begin and are in the process of completing due diligence.
Once this has been completed, the project will be publicly announced and detailed construction timelines will be revealed. Other news that adds additional credibility to the project is the addition of former Bahrain International Circuit CEO, Martin Whitaker, as the new CEO.
"Martin's track record speaks for itself as he is one of the few men operating at the top level of international motorsport whose experience covers almost every facet of the sport,” Michael Carrick, current Circuit of Wales CEO said.
“Martin has managed a modern Formula 1 venue at the Bahrain International Circuit, worked for both the sport's governing body, the Federation Internationale de l'Autombile (FIA), and its commercial rights holder, plus the UK's governing body - the RAC Motor Sports Association. Additionally, he has led a major motor manufacturer's competition department and one of the world's most celebrated racing series.
“The Circuit of Wales is already gaining experience and knowledge through our role as promoter of the British MotoGP. As we now focus our attentions on the build phase of the project, Martin's guidance and experience will be invaluable to realising its potential as a catalyst for investment in the local economy and across the motorsport industry in Britain.”
“Martin has managed a modern Formula 1 venue at the Bahrain International Circuit, worked for both the sport's governing body, the Federation Internationale de l'Autombile (FIA), and its commercial rights holder, plus the UK's governing body - the RAC Motor Sports Association. Additionally, he has led a major motor manufacturer's competition department and one of the world's most celebrated racing series.
“The Circuit of Wales is already gaining experience and knowledge through our role as promoter of the British MotoGP. As we now focus our attentions on the build phase of the project, Martin's guidance and experience will be invaluable to realising its potential as a catalyst for investment in the local economy and across the motorsport industry in Britain.”
With the rights to host the British round of the MotoGP World Championship already secured (Silverstone is currently standing in for the circuit until building works are completed) the future of the UK's newest race track looks to be in good hands...
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