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 top news
After some rain overnight it's another above average day for temperatures tomorrow. Alex Beresford has the forecast.
Rain clearing this morning will be replaced by low cloud and mist through the day. Alex Beresford has the forecast.
Overcast and windy tomorrow for the South West and it will stay like that for a few days yet. Alex Beresford has the forecast.