Motorsport Earns Five Billion Pounds For UK
A report commissioned by the Motorsport Industry Association and researched by various universities and management schools has concluded that the motorsport industry is worth nearly 5 billion Pounds a year to the UK economy. It also earns over 2.2 bn Pounds in export earnings; more than steel and agriculture combined, as well as employing 40,000 people. Three quarters of the world’s single seater racing cars are made in Britain and, in F1, 7 of last year’s 11 teams were based there.