– The Welsh Government has refused to underwrite the £357 million Circuit of Wales project, citing a "significant question" over its viability and an "unacceptable risk".Economy Minister Edwina Hart, in a letter to First Minister Carwyn Jones, said that she had "reluctantly" decided not to proceed with the guarantee following legal advice.Insurance giant Aviva has been set to back the project."The final official advice recommends that I should not agree to underwriting the £357.4m Aviva investment in the scheme for two reasons," Hart's letter explained."Firstly the significant question around the viability of the project and secondly the...
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