MIA calls on UK Government to exempt Formula One UK-based teams and supply chain from quarantine
22 May 2020
Most of the Formula One business community is centred in Motorsport Valley® UK, home to the F1 organisation HQ and 70% of the teams competing in the World Championship plus hundreds of high-performance engineering suppliers and services. The Motorsport Industry Association which represent this business sector, has asked the UK government to exempt F1, and motorsport engineering services which support all major motorsport championships, from quarantine regulations.
“As a consequence of the international success of F1 over many years, the UK has attracted millions of pounds of inward investment. This country not only hosts the global commercial HQ of this World Championship but also the multi-million pound supply chain and engineering facilities which are essential to the sport” said Chris Aylett, CEO of the MIA.
“Thousands of well-paid world-class engineering jobs have been created by these teams and substantial R&D investments. They are, increasingly, using their innovation and technology to supply defence, marine, aerospace, automotive and medical sectors, as we recently saw in their efforts to meet demands for medical equipment to battle the effect of Coronavirus. It’s vital the UK supports these valuable inward investors so they can continue to deliver F1, protect these jobs and show the world the very best of British engineering, in competition.
To overcome some of the COVID-19 challenges, the F1 organisation has already reached agreement with circuits to host races without attracting their usual public audience, relying on TV and other media to broadcast the entertainment. This shows how far F1 has gone to accommodate the crisis in a careful, safe manner yet retain the jobs and commercial value of those involved
Many of these UK-based teams are owned by major international engineering organisations – Mercedes-Benz, Renault, Red Bull and Haas, for example. “It’s vital the government does all it can to support these influential investors so they grow their businesses and continue increasing employment in the UK, in the future. The Government has been made aware of this valuable opportunity and we hope they can agree to this exemption” said Chris Aylett of the MIA.