The next phase of plans for a TT World Series will see the Manx government seek a commercial partner, to organise and promote it.
The plan is to create an international championship of road races under the TT banner.
The final round would be the TT itself.
Laurence Skelly MHK is the Department of Economic Development's member with responsibility for motorsport:
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Tynwald approves changes to sitting schedule, including half-term breaks and revised start dates
Measures to avoid school break sittings backed, with earlier October and January starts agreed
Plea to Manx parents to check meningitis vaccination status
It follows the death of two young people in the UK
Bus dispute ‘a considerable way apart’ as talks continue, says infrastructure minister
Tim Crookall optimistic progress is possible despite ongoing strike action and disagreements over contracts and pay structure
Noble's bed capacity exceeding industry-recognised 'safe levels'
The health minister's been responding to an urgent Tynwald question
