Circuit of Wales teams up with Extreme Sports with an eye on £425mn facility near Ebbw Vale

The Circuit of Wales announced last month that it has signed in Extreme Sports Company as its new business partner in its bid to build the £425 million facility near Ebbw Vale, Wales.

Extreme Sports runs events and has an online sports channel with a reach in 68 countries. As well as the motorbike circuit, new proposals include mountain bike trails, a BMX park, concerts and indoor skiing.

Extreme, which was launched in 1995, claims that its channel reaches 400 million people a month.

Alistair Gosling, chairman and chief executive of Extreme, has been quoted in media reports as saying: “With the growth and interest we are seeing in our sector, it is fantastic to announce this world-leading Extreme Destination, combining a never before seen collection of sports, entertainment and leisure experiences.”

The Circuit of Wales promises to create up to 6,000 jobs in the unemployment blackspot of Blaenau Gwent by building a track with hotels and business units. This proposes more sports and leisure, including trampolining, a skate park, virtual reality zone, surf park and stages for live music.

Martin Whitaker, chief executive of the Circuit of Wales, said: “The circuit aims to provide much more than a racing facility; it will be a 365-day leisure and business destination. The support we have received to date from the racing, automotive and investment communities emphasises the circuit’s long-term role in boosting tourism, creating jobs and diversifying the local economy”.

The partners claim the development could attract 750,000 visitors a year and inject an estimated £50 million into the Welsh economy annually.

The proposed project is expected to be discussed at length at the Coliseum Summit EUROPE, March 29-30, 2017 at Budapest, Hungary.

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