The Welsh Government's Initial Funding for the Circuit of Wales Project

No

The Welsh Government has provided over £9.3 million to support the development of a motor racing circuit in Ebbw Vale and has agreed a further £16 million of repayable finance. But, according to a report by the Auditor General for Wales today, there have been significant shortcomings in the way the Welsh Government has managed the associated risks to taxpayers’ money.

To date, the Welsh Government’s initial funding support for the Circuit of Wales (CoW) project has comprised: