A recent report on Motorsport Valley’s impact showed significant growth in the past decade, with UK motorsport and engineering companies achieving a sales turnover of £16 billion in 2023, up by £7 billion from 2012. The area, home to seven out of the 10 teams competing in the 2025 Formula 1 championship, plays a crucial global role.
Employment in the sector has also increased, with 50,000 people currently working in the industry. A strong emphasis on exports, with the USA as a major importer, has contributed to the sector’s success, highlighted by the Motorsport Industry Association review conducted by Grant Thornton.
The UK’s Motorsport Valley is recognized for consistent R&D investment, substantial international exposure, and the recruitment of world-class talent. The industry continues to show resilience and growth, positioning the UK as a global hub for motorsport innovation across various sectors.
The youth’s enthusiasm for engineering and technology challenges in motorsport is seen as a driving force for the future success of the UK’s motorsport industry. With continued R&D investment and a solid foundation in place, the sector is poised for further growth and success in the coming years.