The multi-million pound Circuit of Wales project has moved a step forward to getting building underway after receiving a 'mind to grant the application', subject to an agreement on commoners rights.

Rebecca Evans AM, Deputy Minister for Farming and Food, confirmed the prospect of granting the application to begin building the circuit in Blaenau Gwent will be accepted once the outstanding issues with the rights of commoners is resolved.

The Circuit of Wales is to be built on common land which is providing a stumbling block for organisers who are seeking permission to purchase and build a race track on the land.

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"Having considered the application I am minded to grant the application," Evans said.

"But I feel that I cannot make a formal decision until the rights of the commoners which are presently registered as rights of common exercisable over the release land have been deregistered."

Michael Carrick, chief executive of the company supporting the Circuit of Wales project, has welcomed the announcement and says he will continue to search for a conclusion over the rights of commoners.

"We thank the minister for her willingness to grant the application, subject to us fulfilling the prior agreements with the commoners as explained within the application," Carrick said. "This is an important step in the process to de-register the common land and we will continue to work towards a successful conclusion in 2015.

"We would like to thank local councils, Welsh Assembly Members and the local community who have supported the project throughout the planning process up to this point and in the future."

Circuit of Wales, which was granted hosting rights by Dorna for the British MotoGP for the next five years with the option for an additional five years, will continue to use Silverstone as the host of the 2015 and 2016 British Grand Prix.