Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

Author
Discussion

robinessex

Original Poster:

11,046 posts

180 months

Tuesday 9th February 2016
quotequote all
Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

http://www.bbc.co.uk/news/uk-wales-35526111

Well that's nice. As long as all the race cars don't have to drive to their good boy driver app !!!!!!!!!!!!

Truckosaurus

11,183 posts

283 months

Tuesday 9th February 2016
quotequote all
I still don't get where the "6000 full time jobs" figure they keep quoting comes from.

Silverstone's LinkedIn page says they are in the 51-200 employee category, and I bet a large proportion of those are part time.

(A quick Google shows that there are 1,200 temp staff used for F1 meetings)

I bet Silverstone doesn't even have 6000 punters on site for more than 4 or 5 days a year.

Hoofy

76,253 posts

281 months

Tuesday 9th February 2016
quotequote all
robinessex said:
Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

http://www.bbc.co.uk/news/uk-wales-35526111

Well that's nice. As long as all the race cars don't have to drive to their good boy driver app !!!!!!!!!!!!
hehe

I don't know why I read that as 300 mile circuit.

Anyway, sounds good. Wait a sec. That's my pension fund money!!

Vixpy1

42,620 posts

263 months

Tuesday 9th February 2016
quotequote all
'creating up to 6,000 jobs at the track, two hotels and industrial sites'

It will be the the last two bits

tapkaJohnD

1,930 posts

203 months

Tuesday 9th February 2016
quotequote all
Aviva. Who in 2014 planned "to reduce its annual tax bill by tens of millions of pounds"
http://www.ft.com/cms/s/0/edd0973a-18cb-11e4-80da-...

So this is avoided tax money.
John

sirtyro

1,824 posts

197 months

Wednesday 10th February 2016
quotequote all
Well at least they are re-investing the money in the UK.

Soul Reaver

499 posts

191 months

Thursday 11th February 2016
quotequote all
Ill be sure to take plenty of wets ha ha

MG CHRIS

9,077 posts

166 months

Thursday 11th February 2016
quotequote all
Soul Reaver said:
Ill be sure to take plenty of wets ha ha
Why wales is no wetter than most other tracks in the country maybe apart from brands hatch maybe.

ginettajoe

2,106 posts

217 months

Thursday 11th February 2016
quotequote all
Hoofy said:
robinessex said:
Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

http://www.bbc.co.uk/news/uk-wales-35526111

Well that's nice. As long as all the race cars don't have to drive to their good boy driver app !!!!!!!!!!!!
hehe

I don't know why I read that as 300 mile circuit.

Anyway, sounds good. Wait a sec. That's my pension fund money!!
....exactly my sentiments!!! My pension starts exactly one year today, not that it is a lot of money, but motorsport being the moneypit it is, it is anyones guess what I'll end up with!!

Hoofy

76,253 posts

281 months

Thursday 11th February 2016
quotequote all
ginettajoe said:
Hoofy said:
robinessex said:
Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

http://www.bbc.co.uk/news/uk-wales-35526111

Well that's nice. As long as all the race cars don't have to drive to their good boy driver app !!!!!!!!!!!!
hehe

I don't know why I read that as 300 mile circuit.

Anyway, sounds good. Wait a sec. That's my pension fund money!!
....exactly my sentiments!!! My pension starts exactly one year today, not that it is a lot of money, but motorsport being the moneypit it is, it is anyones guess what I'll end up with!!
You might as well cash out now...


ginettajoe

2,106 posts

217 months

Friday 12th February 2016
quotequote all
Hoofy said:
ginettajoe said:
Hoofy said:
robinessex said:
Aviva 'to fund £300m Circuit of Wales in Ebbw Vale'

http://www.bbc.co.uk/news/uk-wales-35526111

Well that's nice. As long as all the race cars don't have to drive to their good boy driver app !!!!!!!!!!!!
hehe

I don't know why I read that as 300 mile circuit.

Anyway, sounds good. Wait a sec. That's my pension fund money!!
....exactly my sentiments!!! My pension starts exactly one year today, not that it is a lot of money, but motorsport being the moneypit it is, it is anyones guess what I'll end up with!!
You might as well cash out now...

Haha, I'm rich!!!

Stickyfinger

8,429 posts

104 months

Friday 12th February 2016
quotequote all
Hey....just drill a hold it it it's cheaper than a copper washer !

010101

1,305 posts

147 months

Friday 12th February 2016
quotequote all
Love the ideology, but I distrust the spin.
6000 permanent non-service sector jobs, that pay well enough to support a family, have to be taken from somewhere else, because they can't be magicked from thin air (even though every politician is convinced it is easily done with enough public funds).

Hoofy

76,253 posts

281 months

Friday 12th February 2016
quotequote all
Stickyfinger said:
Hey....just drill a hold it it it's cheaper than a copper washer !
idea

1. Get 500 1p pieces. Sell them at 50p each as novelty 1p-style copper washers.
2. ???
3. Profit.

MG CHRIS

9,077 posts

166 months

Friday 12th February 2016
quotequote all
010101 said:
Love the ideology, but I distrust the spin.
6000 permanent non-service sector jobs, that pay well enough to support a family, have to be taken from somewhere else, because they can't be magicked from thin air (even though every politician is convinced it is easily done with enough public funds).
Problem being not much is public money and there are 80k thousand people not currently working in wales with a lot being where this track is. If it does finally get built it be a huge boost to the local economy.

010101

1,305 posts

147 months

Friday 12th February 2016
quotequote all
The reference to 'a mix of loans' is very vague.
If the public purse is going to be on the hook then I wish they could just admit it and lose tbe pretence at market capitalism. It is a visionary use of state power and we probably need to break some eggs.

DiscoColin

3,328 posts

213 months

Saturday 13th February 2016
quotequote all
MG CHRIS said:
If it does finally get built it be a huge boost to the local economy.
I still find that a hugely speculative statement as I do not think that it follows that if the circuit gets built then the jobs will definitely be created and endure. Look at where it is on the map - IIRC it is over 2 hours by helicopter from the nearest major international hub airport and forever away by road. As such it simply doesn't follow that the location would ever appeal to industry. So what we are talking about is a large number of spectators to a couple of race weekends per year isn't it? That isn't going to sustain a lot s far as I can see...

MG CHRIS

9,077 posts

166 months

Saturday 13th February 2016
quotequote all
DiscoColin said:
MG CHRIS said:
If it does finally get built it be a huge boost to the local economy.
I still find that a hugely speculative statement as I do not think that it follows that if the circuit gets built then the jobs will definitely be created and endure. Look at where it is on the map - IIRC it is over 2 hours by helicopter from the nearest major international hub airport and forever away by road. As such it simply doesn't follow that the location would ever appeal to industry. So what we are talking about is a large number of spectators to a couple of race weekends per year isn't it? That isn't going to sustain a lot s far as I can see...
Birmingham is hour half from the track its also got good links via mk4/a470 and heads of valley to m50/m5.
For the track to be built will need tradesmen and women to dig the ground, lay the tarmac/builds etc etc huge amount of employment created. Business park will bring in companies if they are cheaper than places elsewhere. Also during big meets ie moto gp btcc/ brit gt for example btcc 20-30k people attend plus all the crews/teams/sponsers etc they all need somewhere to eat/sleep etc, also will help local business with supplying goods to the track.

Track days are a huge business in the country llandow has monthly track days for bike and cars along with karting series when on the local area benefits from fuel being bought, goods being bought and after the events food many people visit pubs for some food after the event.

This can only be a good thing to the local area lets get new developments being built in wales the south east has enough lets make the whole country better not just a small area around London.

chrisgtx

1,195 posts

209 months

Saturday 13th February 2016
quotequote all
I can see the negatives but I hope it gets built, I'll be one of the first to travel down and do a track day.

010101

1,305 posts

147 months

Saturday 13th February 2016
quotequote all
There is perhaps a comparisom to the building of the Hoover (Norris) Dam.
That was an experiment with public funds to alleviate economic problems.
I know it did not end the recession but Government always seems to need to seem as though they are doing something. A leisure facility in Wales would be less expensive than HS2.
A sort of better the devil you know.