A long, hard look is to be taken at the costs and benefits of the Manx Grand Prix. It will be a root-and-branch review, carried out by the Department of Economic Development.

The news, announced this morning (Monday), will not affect plans for next year's MGP. But it could signal changes in the longer-term, as the department seeks to justify the funds poured into the event, thought to be in the region of £1 million a year.

All those involved in running the event will be asked for their views.

The final report is expected next April.

Chief executive at the department is Colin Kniveton:

Listen to the Associated Audio clip - HERE

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