2022 Ulster Grand Prix Cancelled :
After what had been positive whisperings about the relaunch of the Ulster Grand Prix for 2022 it has now been announced that the event has been cancelled due to lack of funding.
The News Letter seemed first to break the News with this article.
Government funding of ยฃ800,000 had been signed off to bring the historic Dundrod event and the North West 200 under one organisational umbrella, but the financial rescue package has not been supported by Tourism NI.
The decision means the Ulster Grand Prix โ scheduled to have taken place from August 16-20 โ cannot go ahead.
A statement issued by the directors of the Revival MCC โ former NW200 Event Director Mervyn Whte, road racing great Phillip McCallen and Robin Titterington โ said: โIt is with much regret that we must announce the Revival Racing MCC is not in a position to stage the Ulster Grand Prix in 2022.
โWe 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.
โUnfortunately, Tourism NI has informed us it will not support the level of funding agreed.
โThe 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.
โRevival 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.
โAll parties have been involved in in-depth business case appraisals which have confirmed excellent value for money and a huge impact on the economy.โ
The statement added that whether or not the Ulster GP would return in the future was โunclearโ.
โWe 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.
โBut we are simply unable to stage what is one of Northern Irelandโs oldest and most prestigious sporting events because TNI will not give the green light to funding which two government departments signed off. Whether the โUlsterโ will be staged again in the future is unclear.โ
On Sunday night, Tourism NI told the News Letter the funding requested was more than six times the amount provided to the NW200 and UGP in 2019.
A statement said: โTourism NI has received a request from Revival Racing Ltd seeking funding of ยฃ800,000 to stageย the North West 200 and Ulster Grand Prix in 2022. This is over six times the funding provided by Tourism NI to stage the events in 2019.
โThe Department for the Economy and Department of Finance provided Tourism NI with the necessary approvals in principle to pay out the sum of money requested if Tourism NI was in a position to do so.
โThe funding request has now been considered by Tourism NIโs board and it concluded that it could not justify the level of funding requested both on financial and legal grounds. Like all public bodies, Tourism NI is operating in a highly constrained budget environment and is considering requests for support for a range of events across Northern Ireland in 2022.
โTourism NI has provided Revival Racing with an indicative offer as to what it could expect to receive and what we believe would be sufficient to allow both the North West 200 and Ulster Grand Prix to progress this year.โ
The public body said it was โdisappointedโ to learn that the 2022 Ulster Grand Prix had been cancelled.
Read the full article from the News Letter here.
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