Funding issues scupper Ulster Grand Prix rescue| Road racing staff | TT and Roads
This year’s Ulster Grand Prix will not go ahead as planned as the Revival club has been denied funding by authorities.
It had been hoped the race would return August but the level of cash required was not available.
A statement from Revival’s Mervyn Whyte and Phillip McCallen reads:
We would like to place on record our sincere thanks to the Department of Economy and Department of Finance who both fully endorsed our proposal which would have delivered the biggest investment in motorcycling ever seen in Northern Ireland.
Unfortunately, Tourism NI has informed us it will not support the level of funding agreed.
The funding proposal was a joint venture between the UGP and NW200 to provide support to both international events which showcase Northern Ireland around the world.
Revival Racing MCC has spent the last year engaging with TNI and government departments to explore the opportunities to increase the economic benefit of the UGP and NW200 to NI.
All parties have been involved in in-depth business case appraisals which have confirmed excellent value for money and a huge impact on the economy.
We are aware that the cancellation of the UGP, which is celebrating its centenary year, is not just a huge disappointment for fans but also a major blow to the sport.
But we are simply unable to stage what is one of Northern Ireland’s oldest and most prestigious sporting events because TNI will not give the green light to funding which two government departments signed off.
We would like to thank the UGP officials for their unwavering support and endeavours to get the historic event up and running again. Whether the Ulster will be staged again in the future is unclear.