hmmmm, good news but...
site barely suitable for the road circuit they already have due to public access/safety
also outdoor tracks are better when 333-500 for extra usage and larger group sizes. A tarmac 250 that only 16 novices can ride round when it's not raining isn't the greatest investment.
It would be better to build a larger, shallower track somewhere nearby with appropriate facilities and location.
Or just renovate Reading