Wales launches 250m motor racing PPP

16 August 2012 A massive new low carbon automotive complex is to be developed through a PPP in south Wales.
Plans for a world class, 3.5-mile circuit designed to host top motor sport events have been put forward by the Heads of the Valleys Development Company.

The £250m development will span a total of 830 acres and will be located on a site near Ebbw Vale in Blaenau Gwent.

Alongside the motor circuit, the planned PPP will include over £150m of investment in a range of commercial, industrial and leisure facilities, with a focus on growing engineering and green transport businesses.

Law firm Stephenson Harwood has been appointed to provide legal advice to the Heads of the Valleys Development Company.

“In many ways, the project brings together a variety of techniques used in PPP over the years to create a new hybrid model that will leverage investment and promote economic growth,” said Stephenson Harwood partner Jonathan Cripps.

For more information on the project, click here.

This page was last updated on:
27 April 2016.

thumb

ESA Trouble

Could ESA10 really save PF2 or even bring back PFI?

House of Funds

Michael Ryan formed Dalmore Capital just when the economy and the PPP pipeline was flatlining. He tells Amanda Nicholls how the fund manager has come out the other side

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...