Government outlines motorsport plan
The Trade and Industry Secretary Patricia Hewitt today (Friday) unveiled the government's strategy for ensuring that Britain maintains its position as a world leader in motorsport technology
Hewitt outlined a three-pronged programme, which involves:
a far-reaching independent study to look at the key issues facing motorsport
a motorsport 'round table', chaired by Ms Hewitt, involving all the main players from the industry, sport and Government to meet early next month (August)
the development of a long-term partnership programme between the industry and Government at national and regional levels
"Motorsport is a great example of where technology, innovation and manufacturing comes together as a great British success," said Hewitt. "The UK leads the world in this sector, but we cannot be complacent. Tens of thousands of people have jobs associated with the sector and we need to make sure that we can meet the growing competition from other countries. I want to ensure Government does what it can to assist."
The British motorsport industry generates an annual turnover of £5 billion, half of which is through exports, and employs over 40,000 people.
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