Britain is not short of racing circuits and some of them are finding it difficult to generate business so it’s debatable whether another one is needed. However the location of this track is some distance from other circuits and appears well-placed to attract visitors from Cardiff.
The planners say they have already raised £150m. Coincidentally, this is the same amount Silverstone say they need to get hold of…
Looks very interesting, but I have just one complaint: why can’t they build something like this in the west of Scotland? Knockhill’s great, but it’s in the middle of nowhere, miles away from any major towns or cities and it’s looking a bit scruffy these days.
Plus, there’s plenty of nice land around, if any investors are reading this.
@muzzleflash It always feels longer though, probably because the motorways end as soon as you get into Fife. The Clackmananshire bridge has helped though, because Kirkardine used to get really crowded if there was a big event, especially if there was a Dunfermline football match on at the same time.
The proposal got a mention in parliament yesterday:
Nick Smith (Blaenau Gwent) (Lab): The proposed motor sport investment in Ebbw Vale could be an employment game-changer for Blaenau Gwent. Variable investment allowances are being sought by the international development. I urge the Secretary of State to get the Treasury on board now for a fair tax treatment to help deliver the project.