In respect of the Circuit of Wales, how much public money has been paid out in total? When was it paid? How was it paid? To whom?
Answered by Cabinet Secretary for Economy and Infrastructure | Answered on 03/08/2016
A property development grant of £2m was paid to Heads of the Valleys Development Company between December 2012 and February 2013. Subsequently no further payments have been made direct by Government, though a loan provided by the company's bankers was in part underwritten by a Welsh Government guarantee. A payment of £7. 334m was made to the bank under that guarantee in May 2016.