A full Blaenau Gwent County Borough Council meeting has decided in favour of the building of a £280 million motorsport circuit near Ebbw Vale. The developer Heads of the Valleys Development Company will now continue to seek public and private finance, having secured a £2 million loan from the Welsh Government. The developer promises a low carbon automotive centre of excellence, the creations of thousands of jobs and £50m annually to the UK economy.
The first phase of this multi-purpose development will be the construction of an international specification motor racing circuit, including hotel, commercial and retail complexes. It will include a 3.5 mile track, Motocross and international karting tracks, and off-road driving facilities. A racing academy will also nurture the finest up-and-coming talent in Wales and the UK.
The developer aims to make the automotive park one of the world’s leading sustainable developments targeting the growth of low-carbon industries and events. It will be a hub for research and development companies who are seeking to push the boundaries in environmental technology and energy solutions.