Circuit of Wales developer ‘hugely disappointed’ to be rejected for government funding
Leaderboard
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
The Gym Group
£Competitive + Significant bonus
London, UK
Parkwood Leisure
Up to £8.10 per hour
Bristol BS14 0DE, UK
Impulse Leisure
Up to £27,502 per annum (for an exceptional candidate)
Thurrock, UK
Live Active Leisure
£21,536 - £22,901
Aberfeldy, UK
Merlin Entertainments Group
Competitive
Orlando, FL, USA

Circuit of Wales developer ‘hugely disappointed’ to be rejected for government funding

Job opportunities
University College School
£35,000 per annum
location: Hampstead, London, UK
University of Warwick
£29,799-£38,833 per annum
location: Warwick, UK
Live Active Leisure
£21,536 - £22,901
location: Aberfeldy, UK
more jobs

The firm behind the proposed Circuit of Wales project has expressed its “huge disappointment” after the Welsh government rejected requests to fund it partly with taxpayers’ money.

A firmly-worded statement by the Heads of Valleys Development Company (HoVDC) said it “strongly disagreed” with the government’s view that risks of building the facility “outweighed the benefits”.

The developers had asked for £210m (US$269.1m, €236.8m) for the Ebbw Vales-located project to go towards the overall cost of £433m (US$554.9m, €488.3m), but Welsh First Minister Carwyn Jones said the commitment would have taken away capital funding from schools and hospitals.

Billed as a 365-day-a-year venue, the Circuit of Wales was to be home of a new extreme sport and leisure complex and technology park on the doorstep of the Brecon Beacons.

It was expected to create 6,000 jobs and entice 750,000 visitors per year.

HoVDC remained adamant that the project would have been a “game-changing development”, and suggested that work could still go ahead.

“We have always believed passionately, and continue to do so, in this project’s ability to transform and provide opportunities and hope to one of the poorest parts of the UK, not just Wales,” said the statement. “The project is totally defined, finance in is place, and construction and hiring could start immediately.

“My team and I will now analyse the Welsh government’s reasons not to support the development and are actively seeking additional clarification from them. We will then very shortly issue a detailed response before deciding on our next course of action.”

Sign up for FREE ezines & magazines
The firm behind the proposed Circuit of Wales project has expressed its “huge disappointment” after the Welsh government rejected requests to fund it partly with taxpayers’ money.
SAR
The project was expected to take over 830 acres of Blaenau Gwent
employer of choice
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery... More
Leaderboard
Leaderboard
Active IQ
Active IQ