The Heads of the Valleys Development Company was established in 2009 and subsequently developed plans to create an automotive cluster, centred on a performance racing circuit designed to host international motor sports events. The racetrack is planned to be situated just north of the Rassau industrial estate in Ebbw Vale, with the aim of attracting a range of two and four-wheel racing events, including Moto GP, with a target of attracting three quarters of a million visitors a year within three to five years of start-up. The project was forecast by the developer to create 300 full-time equivalent jobs, consisting of 49 full-time roles and 3,500 part-time temporary staff for events. There would also be employment opportunities created during the two years the track would be under construction.

The Committee received correspondence regarding the proposed project and the Auditor General for Wales undertook an audit following issues raised reporting in 27 April 2017. The Committee undertook an inquiry and reported in May 2018. A plenary debate was held on 11 July 2018. The Committee noted the Welsh Government’s response during autumn 2018.