Since the launch of the Circuit of Wales project in late 2011 the project path has taken many twists and turns over the past six years.

Currently, the Heads of the Valleys Development Company which leads the Circuit of Wales project is asking 'reasons and clarifications' on why its latest public funding plan was turned down before deciding upon its next move.

Take a look over the project's timeline starting from the initial story reported back in November 2011.

Related Articles

Circuit of Wales timeline:

21st November 2011: A MotoGP circuit in Wales?

Plans for a new ?200m motor racing circuit in the south Wales valleys has been unveiled.

15th August 2012: Circuit of Wales plans progressing

Planners confirm it has secured enough money for the proposal with consolations and public exhibitions beginning with the local authorities.

1st October 2012: Head of Valleys Development buys FTR

The group behind the proposed Circuit of Wales motorsport venue has taken ownership of FTR, a chassis manufacturer in all three motorcycle grand prix classes.

10th July 2013: Planning granted for Circuit of Wales

Outline planning permission is granted for a new race circuit in South Wales with an initial construction plan starting in late 2013 and finishing by 2016.

Plans included 3.5 mile long circuit as well as motocross and karting tracks, alongside a hotel and both commercial and retail complexes. A technology park would also be constructed and is billed as 'a hub for research and development companies that are seeking to push the boundaries in environmental technology and energy solutions'.

31st July 2013: Circuit of Wales 'put on hold' by Welsh Government

The Welsh Government asks for more time to decide if it should inspect the plans and issued a 'holding direction', which prevented the council from granting final planning permission, although the council continues to process the application.

24th March 2014: Silverstone wants to halt Circuit of Wales state funding

Silverstone writes to Prime Minister David Cameron to try and halt state funding for the proposed Circuit of Wales.

13th August 2014: Circuit of Wales lands British MotoGP deal

The Circuit of Wales secures its deal with Dorna for the hosting rights for the British MotoGP from 2015, with the initial race to be hosted 'at an alternative venue' with the Circuit of Wales expected to be ready to host in 2016.

21st January 2015: 'Final hurdle' for Circuit of Wales planning

A public inquiry would be held in March 2015 to discuss plans to de-register common land located within the Circuit of Wales development. Described as the 'final hurdle in a lengthy planning process' with a successful outcome allowing construction work to begin.

10th February 2015: Donington Park breaks off British MotoGP deal with Circuit of Wales

Donington Park ends its ties with Circuit of Wales to host the 2015 British MotoGP after falling out over long-term payment deadlines

11th February 2015: Silverstone regains British MotoGP until 2016

After the Donington Park deal collapses, Silverstone secures a contract with the Circuit of Wales to host the British MotoGP for 2015 and 2016.

17th November 2015: Circuit of Wales clears planning requirement

The Welsh government grants 'final approval' on common land to enable building work to commence following the end of the judicial review period. Construction and finance contracts left to be finalised. Martin Whitaker named as the new Circuit of Wales CEO.

9th February 2016: Circuit of Wales secures Aviva finance backing but delays MotoGP until 2018

Insurance giants Aviva named as financial backers to the Circuit of Wales as it delays hosting the British MotoGP event to 2018 with Silverstone getting the 2017 race.

7th April 2016: Circuit of Wales hit as Welsh Government rejects initial funding plan

The Welsh Government says it cannot underwrite the full ?357m of Circuit of Wales but project negotiations continue.

12th July 2016: Project leaders deliver revised funding plan to Welsh Government

Circuit of Wales leaders submit a new funding plan asking for around half of the total to be underwritten by the Welsh Government with loans of ?90m from local councils of Blaenau Gwent and Monmouthshire.

13th July 2016: Circuit of Wales hit by latest setback as Welsh Government outlines new funding plan

Economic Secretary Ken Skates sets out new terms of agreement which need to be met to give the project with 50% of funding raised privately plus 50% of the underwritten funds also coming from the private sector. Circuit of Wales remains confident of finding private funding.

2nd November 2016: Welsh Audit office investigates Circuit of Wales funding

The Welsh Audit Office is investigating how public money was given and spent in connection to the Circuit of Wales project.

5th January 2017: Circuit of Wales signs partnership with Extreme

The Circuit of Wales project announces a new partnership with sports company Extreme to develop action sport facilities, music venues and hotels next to its motorsport circuit to make it a '365-day' venue.

8th February 2017: Revised funding plan submitted to Welsh Government

An improved financial plan for the Circuit of Wales project, with a ?100m coming from a private banking firm, is formally submitted to the Welsh Assembly.

27th July 2017: Circuit of Wales gets fresh public funding rejection as Welsh Government pulls out

The Circuit of Wales suffers a potentially fatal blow to its funding plan after the Welsh Government turns down its latest submission, with an automotive business park set to be built instead. Circuit of Wales seeks clarifications on the rejection before assessing its next move.

29th July 2017: Circuit of Wales criticses Welsh Government findings

The Circuit of Wales gives a full response to the Welsh Government's decision to reject its public funding proposal and is critical of its findings which were 'notable for inaccuracies'.

Comments

Join the conversation - Add your comment

Please login or register to add your comment

£200m to £420m and not a brick has been laid.

Perhaps investors were expecting the developers to do a 'Wembley' so they didn't cough up a bean but made noises that they might, when it was well underway, when they could see what the real return might be.

There was no way this project would have worked and no amount of inflated figures convinced the money men. So, rather like the Norwegian Blue, it is dead, it is pushing up the daisies and visiting the choir invisibule...

0 votes
+
Vote up!
-
Vote down!

ciku: i'm not very familiar with UKs circuits these days but why not upgrading one of the current major Brit tracks such as Donington or Brands Hatch instead of building a new circuit?[\blockquote]

Donington was nearly wiped out last time someone came up with a plan and Brands has far too many NIMBYs who won't allow such a noise near them. Plus a lot of UK tracks are owned by the Palmer Empire and he's not too keen on being constantly told to upgrade.

0 votes
+
Vote up!
-
Vote down!

Dead? It was still born. It was a pipe dream.

0 votes
+
Vote up!
-
Vote down!

Silverstone writes to British PM to stop funding the project in March 2014 and Dorna lands a deal to host race there in August 2014... am I missing something here.

0 votes
+
Vote up!
-
Vote down!

ciku: i'm not very familiar with UKs circuits these days but why not upgrading one of the current major Brit tracks such as Donington or Brands Hatch instead of building a new circuit?[\blockquote]

Having been to Brands once for BTCC I won't go back again - traffic afterwards was horrific.

And having seen the size of some of the accidents on superbikes I can't even contemplate the GP boys extra speed and the size of the potential accidents...I stand to be corrected but I think there has already been a death there??

For me it would make sense to plough the money into Donington but that's my opinion

0 votes
+
Vote up!
-
Vote down!

Has anyone yet got any clarification on how the 5 year MotoGP deal came to be in existence?

Every year when the new racing calendars come out for MotoGP and WSBK they are marked with various asterisks to denote tracks "subject to homologation". These tracks can be dropped in a second even if racing has taken place there before in the past...and in the case of WSBK they often are, leaving a ruddy great hole in the middle of the season.

If a track isn't yet built - not a spade yet turned in the soil 3 years later, and this deal was signed probably closer to 4 years ago, remember - how on earth can it be homologated??

Wouldn't mind knowing how much CoW are having to pay Silverstone every year to host the meeting on their behalf either...

0 votes
+
Vote up!
-
Vote down!

i'm not very familiar with UKs circuits these days but why not upgrading one of the current major Brit tracks such as Donington or Brands Hatch instead of building a new circuit?

0 votes
+
Vote up!
-
Vote down!