Ulster Grand Prix organizers have said they hope the event will mark its centenary by returning to the road racing calendar next year.
Host Dundrod & District Club’s financial issues and Covid-19 led to the cancellation of the 2020 and 2021 events.
A statement from the club said “significant progress” had been made in resolving its financial issues.
The club has entered into a voluntary corporate agreement with creditors.
“This work will continue over the coming months in hopes of celebrating the centenary of the world’s fastest road race with a return to action at Dundrod in 2022,” the statement read.
“The club would like to thank everyone involved for their understanding of the circumstances that led to the event’s unprecedented financial difficulties and their cooperation in helping to resolve this difficult situation.
“Despite these setbacks, the Dundrod club remain committed to resuscitating the event.
“Conversations have already taken place with public and commercial groups that share a similar goal and further discussions are planned.”
Dundrod’s club was issued with a liquidation order in April last year after running up debts of around £300,000.
Last year’s event seemed unlikely to happen due to crippling debts that left the meeting without an organizing committee, but ultimately the race was called off due to the coronavirus pandemic.