Circuit of Wales plans British Formula 1 Grand Prix hosts Silverstone have asked Prime Minister David Cameron to confirm that a proposed new circuit in South Wales will not receive government financial support. Silverstone Circuits Limited, whose own track risks losing the British MotoGP round to the Welsh newcomer, said in a statement on Monday that they had sought clarification over how the Circuit of Wales in Ebbw Vale would be funded. The BBC reported last week that developers behind the proposed £280 million ($461.85 million) venture wanted government in Wales and Britain to commit up to £50 million towards it. The Heads of the Valleys Development Company has said it hopes to...
Full Story »