News Details

Silverstone questions Circuit of Wales funding

Silverstone has written to Prime Minister David Cameron asking for clarification over the funding of the new Circuit of Wales project. It recently emerged that developers of the Ebbw Vale track, Heads of the Valleys Development Company, are seeking financial backing from the Welsh Assembly, which Silverstone fears would give the it 'an economic and selective advantage over other circuits' in the UK. The developers claim the £280 million venue could generate 6,000 jobs and attract 750,000 visitors annually. Silverstone said in a statement that their own application for government support, when they were looking to secure the future of the British Grand Prix, was rejected 'on the basis...
Full Story »
7mo ago from RichlandF1.com 0
Share

You May Also Be Interested In...

Silverstone calls on PM to stop Circuit of Wales...

Silverstone believes the 'illegal' funding would have a detrimental...
7mo ago from espnF1.com

Silverstone writes to PM

Silverstone Circuits Limited have confirmed they have written to Prime...
7mo ago from SkySports.com

Silverstone write to PM

Silverstone Circuits Limited have confirmed they have written to Prime...
7mo ago from SkySports.com

Silverstone calls on PM for clarification of Welsh...

Silverstone Circuits Limited has written to Prime Minister David Cameron...
7mo ago from Pitpass.com

Comments

comments powered by Disqus

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.