Motorsport: grow your business in the UK
- home of Formula One
- pioneering technology
- world-class research facilities
UK motorsport: at a glance
The UK has made more motorsport innovations in the last 60 years than any other country. 60% of F1 companies are based in the UK.
The largest concentration of motorsport firms are located in ‘Motorsport Valley®’, a world-renowned business cluster in the south east of England with Oxford at its centre. Michael Porter, a Harvard Business School professor and founder of Monitor Deloitte, has described it as, “A mature economic business cluster, which is number one in the world…the jewel in the crown of British engineering.”
The Formula One teams with headquarters here are:
- Red Bull Racing in Milton Keynes, Buckinghamshire
- McLaren Honda in Woking, Surrey
- Mercedes AMG Petronas in Brackley, Northamptonshire
- Renault Sport in Enstone, Oxfordshire
- Williams Martini Racing in Grove, Oxfordshire
- Force India in Silverstone, Northamptonshire
We have leading engineering companies like Ricardo and world-class automotive research facilities thanks to the recently established Catapult network.
UK motorsport companies are also going beyond racing into sectors such as energy storage, marine and defence. Williams Advanced Engineering has installed flywheel energy storage technology in two remote Scottish island communities. And Wildcat Automotive has transformed its Wildcat 500DKR off-road racer into a specialist military all-terrain vehicle.
Some are even going beyond physical engineering. McLaren has applied pit-stop techniques to reduce waiting times and increase operating theatre efficiency at Great Ormond Street Hospital.
UK government support
The UK government is committed to the continued success of the UK car industry. It’s contributing over 1.2 billion GBP to automotive research funds, covering low carbon propulsion, lightweight materials plus connected and autonomous vehicles.
We’re also creating the right environment for new technology to thrive. Our regulatory framework for connected and autonomous vehicles is the most progressive in Europe. This enables car manufacturers and major component suppliers to develop and test their technology in the UK with the minimum of bureaucracy. Volvo has already committed to the UK as the only ‘neutral’ testing venue outside its own factory locations.
The government also has up to 50 billion GBP available to support finance and insurance for supplies from within the UK to buyers outside the UK. This support takes the form of guarantees, insurance and loans issued by its export credit agency, UK Export Finance.
We can help you grow your business in the UK
Whether you’ve already decided to grow your business here or you’re just starting your research, the UK government can help you make the right decision.
Research your industry
You should research your market to help you decide if the UK is the best place for your business. Contact our Investment Services Team to get market research and other expert help and advice.
Want to move your business to the UK?
You’ll need to follow several steps before moving to the UK, including applying for visas and finding the ideal location for your business. Read our UK setup guide.
The UK government can give you free help and support every step of the way. Contact us to find out more.