The Circuit of Wales is facing yet another significant setback, after the Welsh Government refused a second bid from the company behind the project, the Heads of the Valleys Development Company, to underwrite the project. The HotVDC originally requested that the government basically insure the entire investment of nearly £400 million in the project, but the proposal was rejected in the run-up to the Welsh Assembly elections in April. TOP STORIES Video: Honda CBR250RR teased Bikes for sale: Special Ducatis Get ready for Dirt Quake this weekend BSB: British Superbikes to support minibike series They then proposed a new plan that would see the regional government instead underwrite 75% of...
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