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Silverstone 'asks Cameron to halt Circuit of Wales funding' | Silverstone 'asks Cameron to halt Circuit of Wales funding' |
(35 minutes later) | |
Silverstone racetrack has asked David Cameron to prevent tens of millions of pounds of potentially "illegal" state aid being used for a new £280m circuit in Wales, it has been reported. | Silverstone racetrack has asked David Cameron to prevent tens of millions of pounds of potentially "illegal" state aid being used for a new £280m circuit in Wales, it has been reported. |
Developers behind the Circuit of Wales scheme in Ebbw Vale, Blaenau Gwent, are said to be asking the Welsh and UK governments to commit up to £50m. | Developers behind the Circuit of Wales scheme in Ebbw Vale, Blaenau Gwent, are said to be asking the Welsh and UK governments to commit up to £50m. |
The Times reported Silverstone had complained to the prime minister. | The Times reported Silverstone had complained to the prime minister. |
Planning issues have delayed the start of work at the site. | Planning issues have delayed the start of work at the site. |
Heads of the Valleys Development Company wants to create 6,000 jobs and bring 750,000 visitors a year to the area as part of its plans but doubts have been raised over the number of jobs claimed. | Heads of the Valleys Development Company wants to create 6,000 jobs and bring 750,000 visitors a year to the area as part of its plans but doubts have been raised over the number of jobs claimed. |
The development promises to transform one of Wales' most deprived communities. | The development promises to transform one of Wales' most deprived communities. |
Alongside the racing circuit, there are plans for hotels, a grandstand, a technology park and a solar park. | Alongside the racing circuit, there are plans for hotels, a grandstand, a technology park and a solar park. |
But those projects all rely on the racetrack going ahead. | But those projects all rely on the racetrack going ahead. |
The Circuit of Wales would host all motor racing events except Formula 1. | The Circuit of Wales would host all motor racing events except Formula 1. |
The Welsh government told BBC Wales the Circuit of Wales had not asked it for money. | The Welsh government told BBC Wales the Circuit of Wales had not asked it for money. |
BBC Wales is waiting for a response from Silverstone to confirm the reports. |