Outline planning permission has been granted for a new £280 million racing circuit in Ebbw Vale, Wales. Titled the Circuit of Wales, the track will be host to various formulas of international motorsport events and will take the responsibility of becoming the nation’s primary centre for motorsport activities.
It is estimated by the heads of the Valleys Development company that 750,000 people will visit the circuit each year, generating around £50 million per annum for the Welsh economy.
Initially, up to 3,000 jobs will be created to develop and build the Circuit of Wales, whilst a further 4,000-6,000 more will be available when the site is completed. Such news will be greatly welcomed by the Ebbw Vale area, with the surrounding region having one of the largest unemployment rates in the country.
Construction is expected to start later this year on the 830-acre development, and bosses believe the circuit will represent the UK’s largest-ever privately led capital investment programme in motorsport-related infrastructure.
A further, more in-depth proposal will be submitted in good time, but the Blaenau Gwent County Borough Council is satisfied the 3.5 mile circuit is acceptable and are happy to see the project blossom.
The brief for the circuit will see the first stage of construction entail of the development of a hotel and retail outlets to highlight the plot’s multifunctional aspects. The second stage consists of building the circuit itself, along with Motorcross, karting and off-road driving areas.
It is thought that the Circuit of Wales will open its doors to motorsport at some point in 2016.