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.
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Hundreds of police jobs are at risk in the region as Dorset and Devon and Cornwall forces agree to pool resources.
Ofsted unveiled a damning report today which uncovered "serious and widespread failures" when it comes to looking after vulnerable children.
A ban on growing genetically modified crops is to be lifted next week. But opponents say it could threaten the future of organic farms.