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
A family from Totnes are walking over 500 miles in memory of their son, who took his own life after battling a mental health disorder.
NHS England says hundreds of children in Bristol are not protected against diseases including meningitis, diphtheria and measles.
An animal charity which helped save the Exmoor pony from the brink of extinction may have to close its centre because of a lack of funds.