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Motorsport Industry ready to engage in Driving Success: the UK automotive strategy for growth and sustainability

12 Jul 2013

Britain’s motorsport business community is eager to get started on meeting the challenges and opportunities for growth presented by the UK Automotive Strategy announced by Business Secretary Vince Cable today (July 12, 2013). This places the world-class capabilities of UK motorsport companies firmly at the heart of the resurgent automotive sector, as it seeks to cement its position as a world leader in low emission vehicles over the next 25 years. The announcement heralded a £1bn investment in a new Advanced Propulsion Centre.

Chris Aylett, chief executive of the Motorsport Industry Association (MIA) said: “Our automotive industry is at the heart of advanced engineering in the UK and this joint industry and government strategy is very welcome. At last, the exceptional talent of UK motorsport engineering is recognised and able to play a significant role in helping the British automotive industry to meet its exciting objectives for more efficient, sustainable vehicles. The UK motorsport industry, with its unique ability to deliver innovative solutions and prototypes, quickly, is well placed to help meet these challenges."

“It’s up to us, as an industry, to fully grasp these opportunities – and yet keep winning on Sunday! Motorsport has unique capabilities to deliver lightweight, energy efficient vehicle technologies and propulsion solutions to global OEMs, so making both the British automotive and motorsport sectors even stronger. We can’t wait to get started!” 

Aylett continued: “This strategy is the largest opportunity for new business which the UK motorsport industry has seen in over fifty years – a really significant step. It’s taken many years of effort, and untold commitment by the MIA and others to get here, but it opens a new chapter for our industry in the UK. The fast growing UK automotive industry has acknowledged its need for solutions from UK motorsport, and this government policy will help open these multi-million pound opportunities for motorsport companies, and attract more investment into motorsport companies too."

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