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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Man to stand trial after denying wounding with intent to murder
20-year-old is currently remanded at the Isle of Man Prison
'Meaningful change' needed to ensure long-term future of sidecars at TT
"No decision regarding the future participation of the Sidecar class will be taken until further work has been completed"
The future of bus travel?
Bus Vannin is hosting a demonstrator bus as it looks at diversifying its fleet
Bird numbers 'humanely managed' at St John's
DEFA issues statement on arboretum cull