The Tour of Britain cycle race should return to the West Country again next year. That's despite Devon County Council's contract with the organisers ending after this September's race.
It costs taxpayers a hundred and seventy five thousand pounds but the council says the event brings in three and a half million pounds for the county.
Devon County Councillor Stuart Hughes says he's hopeful the Tour will return in 2013:
Devon County Council is in advanced talks with the organisers of the Tour of Britain to hold another stage of the event next year. The council's four year contract with Sweetspot ends after the Devon stage on September 15.
But ITV West Country News understands that an agreement is expected soon to bring the country's premier cycle race back to the county next year.
It costs taxpayers a hundred and seventy five thousand pounds to hold the day's racing but research shows that the economic return for local businesses is more than £3.5m.
More details will be released this morning about the full route of the local stage in this year's Tour of Britain. Some of the world's best cyclists will race from Barnstaple to Dartmouth on the penultimate stage of the Tour in September.