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Government promises aid for UK motorsport industry


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.


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Calvin _

January 05, 2009 8:59 PM

I want to know where the government is getting all this money to spray around everywhere. Is it borrowing it all now to have the tax payer pay it all back later, with interest? This sucks. Just as car manufacturers shouldn't get bailed out, neither should motorsports, no matter how much I enjoy watching it. The sport needs to adjust. I would prefer tax payer money to be spent on critical areas like healthcare, schools etc.

forager 1

January 06, 2009 2:24 PM

The only sports that the Government should Buck up for is Kids 16 & under. After that The Promoters should be on Their own. I'm a taxpayer and I'm tired of Billionares getting a Meal ticket at My expense!



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