The proposed Circuit of Wales racetrack in Ebbw Vale is facing a race against time to achieve its goal of hosting the 2015 British MotoGP.

According to a report by the BBC, the circuit developers are asking for up to ?50 million from the UK and Welsh governments, on the basis that the circuit will create 6,000 jobs and bring 750,000 visitors a year to the area.

Securing the British MotoGP is crucial to achieving those figures, but the BBC states: "No deal has yet been signed with owners of the MotoGP races, Dorna Sports... There are also delays in starting building work on the site because of planning issues."

Silverstone's current MotoGP contract expires this season.



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