The Circuit of Wales, a Ebbw Vale project being helmed by the Heads of the Valleys Development Company, is planned as a major redevelopment that will host major motorsport events and function as a technology park.
Michael Carrick, CEO of Aventa Capital Partners and the Heads of the Valleys Development Company, said: “We thank the Minister for her willingness to grant the S16 application, subject to us fulfilling the prior agreements with the commoners as explained within the application.
“This is an important step in the process to de-register the common land and we will continue to work towards a successful conclusion in 2015.
“We would like to thank local councils, AMs and the local community who have supported the project throughout the planning process up to this point and in the future.
“The Circuit of Wales has the ability to produce thousands of employment opportunities, attract greater investment and kick start regeneration into Blaenau Gwent and South Wales.”