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New report 'Racing for Radical Innovation' available
May 2009
The motorsport industry is a significant part of the UK economy. According to industry estimates approximately 4,500 companies are involved in the UK Motorsport and Performance Engineering Industry and its wide-ranging support activities. The industry has an annual turnover of £6.0 billion, and contributes £3.6 billion worth of exports. The Motorsport Industry Association estimates that the support side of the sector alone – involving events management, public relations, marketing, sponsorship and a host of other support functions – accounts for approximately £1.7 billion of the yearly industry total. And in terms of employment, UK Motorsport supports 38,500 full and part-time jobs, including 25,000 engineers.
Written by Professor Rick Delbridge and Dr Francesca Mariotti.
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