Tynwald is at least a year away from any significant updates on the TT World Series.

It was revealed last month that feasibility studies into such an event have cost nearly £200,000.

Economic Development Minister Laurence Skelly was asked for an update in Tynwald by Liberal Vannin leader, Kate Beecroft.

He confirmed work is ongoing all the time, but the process can't be rushed.

Hear what he has to say HERE