The Motorsport 2020 project will bring together ideas from leaders of the UK's motorsport business arena about the approach they wish the new government to take, over the next five years, to bring further growth to their successful British engineering sector.
Chris Aylett, CEO of the MIA, said: "The UK is the undisputed leader in global motorsport and must work hard to maintain that position over the next five years. We are fortunate to be home to most of the Formula 1 teams, as well as the entire Formula E programme. The UK also hosts the leading international supply chain for most major racing and rally series around the world.
"Motorsport Valley companies have developed state-of-the-art technologies which are now being used in defence, healthcare, aerospace, automotive and marine. Nine in 10 UK motorsport businesses export overseas and the industry employs 41,000 people across 4,300 organisations, generating more than £9bn in worldwide sales."
He urges an industry-led strategy be created for business growth, similar to the approaches taken by the Automotive Council, the Aerospace and Defence Growth Partnerships and the National Composites Strategy. Aylett says: "We are asking our motorsport industry leaders to put forward their ideas which can help us set the strategic direction of motorsport for the next five years."
As well as ideas for growth via the website, there will be an industry workshop, which will be announced later this year.
Aylett believes in having a voice, concluding : "If we don't let the new UK government know what we want, and what we are willing to invest in, then we can't expect their support. This is an exciting time for UK motorsport with endless opportunities which we can grasp by working together in a structured and strategic way."
