Isle Of Man / Ellan Vannin

Future of Manx Grand Prix under government scrutiny

Manx Grand Prix
The Manx Grand Prix is seen as the sister race to the TT festival

The future of the Manx Grand Prix festival has come under scrutiny after official figures showed a government deficit of more than £300,000.

The event, which is held each September, is often seen as a stepping stone for TT qualification.

Figures show the event brings in almost £6m to the Manx economy but leaves a £369,000 hole in the public purse.

A government spokesman said officials from economic development are committed to securing the future of the event.

He added: "The costs of staging Motorsport events on the Mountain Circuit have risen appreciably in recent years and this is reflected in the current deficit of approximately £369,000.

"The Department is working closely with the Manx Grand Prix Festival stakeholders to review all aspects of the Festival and the consultation process is ongoing."

A online survey looking at the costs, benefits and future potential of the Manx Grand Prix has been launched as part of a wide-ranging consultative review.

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