Despite not being comfortable with the thought of helping Britain keep its place on the Formula One schedule when the race at Silverstone was under threat, the British government has reacted to help preserve the country's motorsport industry in light of prevailing economic conditions.
Following a period of pro-active work between government's Business, Enterprise and Regulatory Reform department and the Motorsport Industry Association in recent weeks, economic and business minister Ian Pearson has written to MIA CEO Chris Aylett to outline the initial support packages available for suppliers in the motorsport and high performance engineering industries.
“We acted as fast as we could to link with government to secure a range of support for motorsport businesses in the UK,“ Aylett revealed, “We will ensure that our vital sector, and MIA members, are not overlooked by any support being made available. The initial range of support is covered in the documents supplied to us by the minister.
“I encourage all in motorsport to read these and, most importantly, to urgently pass them along to their UK suppliers so making sure all in our business community receive help where needed. We must achieve the widest possible distribution.”
The MIA has also arranged for free business help clinics for all UK companies during this weekend's Autosport International
exhibition in Birmingham, and will make available advice on the schemes as part of its 'action plan' to ensure MIA member companies survive, and even prosper, in the uncertain economic climate.
Further information on the support packages is available from the MIA