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Silverstone 'asks Cameron to halt Circuit of Wales funding' Silverstone asks Cameron to halt Circuit of Wales funding
(about 1 hour 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.
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. Silverstone has written to the prime minister to intervene.
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. A spokesperson for Silverstone confirmed on Monday that its managing director Richard Phillips had written to Mr Cameron about funding for the Circuit of Wales.
BBC Wales is waiting for a response from Silverstone to confirm the reports. Developers have asked both the Welsh and UK governments for up to £50m in total towards the scheme, it was revealed earlier this month.
BBC Wales understands the Welsh government is considering investing £30m in the project.
The Welsh government told BBC Wales on Monday the Circuit of Wales had not asked it for money.