Circuit of Wales
Posted: Fri Nov 20, 2015 2:08 pm
Final approval given for £315m Circuit of Wales project...... Seems like all systems GO!!!!!!!!!!!!!!!!
The Circuit of Wales has received the final planning permission that was needed to begin construction.
Work on the £315m Circuit of Wales project, which will bring a world class motor sport venue to Blaenau Gwent alongside a one million sq. ft. technology park, can begin after the final planning issue was resolved. The circuit signed a contract with Dorna Sports to be the venue for the British GP from 2015 to 2019, but could not host this year’s race due to these issues:
Today, the Heads of the Valleys Development Company (HOTVDC) confirmed that the S16 application has been accepted clearing the final planning hurdle for the Circuit of Wales development.
After an extensive and robust eight-day Public Inquiry, sitting in March 2015, approval by the Deputy Minister for Farming and Food Rebecca Evans AM has permitted land previously designated as ‘common’ to be deregistered into private ownership. Throughout the Public Inquiry, Circuit of Wales presented detailed plans for substantial on and offsite mitigation highlighting the suitability of replacement land, which will lead to improved maintenance and ease of access.
Importantly, Planning Inspector Emyr Jones BSc (Hons) CEng NICE MCMI agreed stating in his report: "The likely out-turn of deregistration would be an overall enhancement of nature conservation interests[...]resulting in an overall nature conservation benefit as a result of the proposal as a whole."
Deputy Minister for Farming and Food Rebecca Evans: “For the reasons articulated in the report – both by the Inspector but also by other parties, I believe the socio-economic benefits that will result from the deregistration of the common land will be of significant public benefit to both the immediate area and beyond.”
With the approval of the S16 application, HOTVDC can reveal that the required financing package is in place to support the project for the full amount and have an exclusivity contract in place with the financial backers who are in the process of completing due diligence. Once these have been completed, the supporters of the project will be publicly announced and detailed construction timelines revealed
The Circuit of Wales has received the final planning permission that was needed to begin construction.
Work on the £315m Circuit of Wales project, which will bring a world class motor sport venue to Blaenau Gwent alongside a one million sq. ft. technology park, can begin after the final planning issue was resolved. The circuit signed a contract with Dorna Sports to be the venue for the British GP from 2015 to 2019, but could not host this year’s race due to these issues:
Today, the Heads of the Valleys Development Company (HOTVDC) confirmed that the S16 application has been accepted clearing the final planning hurdle for the Circuit of Wales development.
After an extensive and robust eight-day Public Inquiry, sitting in March 2015, approval by the Deputy Minister for Farming and Food Rebecca Evans AM has permitted land previously designated as ‘common’ to be deregistered into private ownership. Throughout the Public Inquiry, Circuit of Wales presented detailed plans for substantial on and offsite mitigation highlighting the suitability of replacement land, which will lead to improved maintenance and ease of access.
Importantly, Planning Inspector Emyr Jones BSc (Hons) CEng NICE MCMI agreed stating in his report: "The likely out-turn of deregistration would be an overall enhancement of nature conservation interests[...]resulting in an overall nature conservation benefit as a result of the proposal as a whole."
Deputy Minister for Farming and Food Rebecca Evans: “For the reasons articulated in the report – both by the Inspector but also by other parties, I believe the socio-economic benefits that will result from the deregistration of the common land will be of significant public benefit to both the immediate area and beyond.”
With the approval of the S16 application, HOTVDC can reveal that the required financing package is in place to support the project for the full amount and have an exclusivity contract in place with the financial backers who are in the process of completing due diligence. Once these have been completed, the supporters of the project will be publicly announced and detailed construction timelines revealed
