Welsh Government ministers have been warned that delaying a decision on the Circuit of Wales could be "disastrous" for the scheme. The warning comes in the week that developers behind the Circuit of Wales scheme submitted revised plans.
Initial proposals were rejected by the government due to what ministers described as "unacceptable risk". However, developers are hopeful – if not confident – that they will receive the green light to progress with the project later today.
Welsh Conservative Shadow Economy Secretary, Russell George, has described the project as "exciting" and stressed that the ongoing uncertainty over the scheme needs to be resolved as quickly as possible.
He warns that delaying the decision over the summer could be disastrous for a project which has already been beset by delays and uncertainty. However, he also warns that rejecting the plans would be a huge blow for Valleys communities.
Shadow Economy Secretary, Russell George, said:
"It’s clear that we’ve reached decision time for the Circuit of Wales, and further delays would be disastrous for the project.
"Having spent several years debating its merits, the uncertainty cannot be allowed to linger over the summer.
"If this isn’t the right regeneration project for the Valleys then the Welsh Government needs to be clear about what is, because communities want real jobs and investment – not task and finish groups.
"Clearly ministers have to exercise caution when spending public money, but a failure would take forward this exciting scheme will be a huge blow for the region."