As the only motorsport organisation amongst the 140 trade associations in the Confederation of British Industry (CBI), the MIA facilitates access for our members to the ‘Voice of Business’.
Boasting 1,500 direct and 188,500 indirect members, the CBI in total, speaks for around 190,000 businesses. Its wide reach and influence brings real, tangible benefits so to find out how you as an MIA member can benefit, continue reading.
Our voice is heard
Everyone is subject to business influences over which they have no control - think red tape, business taxation and international barriers to trade. One CBI objective is to ensure that the motorsport sector, through the MIA, has a voice when government is formulating policy or consulting the business community.
Strength in numbers
Membership of the CBI is made up of organisations and companies, as opposed to individuals. What gives the CBI its strength is the sheer size and diversity of that membership. Members range from start-ups to multi-national corporations in sectors across the commercial spectrum including retail, financial services, construction, utilities, manufacturing, agriculture, IT and tourism. Approximately 80% of the FTSE 100 companies are CBI members.
Influence where it matters
At the heart of its success, is the CBI’s resources and expertise. It’s the only organisation in the UK equipped to deal with the array of business policy issues and is a compelling force in Westminster, Whitehall, devolved assemblies, regional agencies, the EU and beyond.
We turn to the CBI to reinforce our own efforts as we bring about change in motorsport’s legislative and regulatory framework. When the impact of proposed legislation is not always fully understood by those who devised it, the CBI can step in, mobilise business opinion and help us bring influence to bear on government. For the motorsport business community, this role is crucial. Without the CBI’s extensive network of contacts (government ministers, MPs, civil servants, opinion formers and the media) our industry would be worse off.
The CBI hosts a wide range of regional events allowing MIA members to network and foster business-winning relationships. Business development opportunities are plentiful with national events including the Annual Conference, Growing Business Awards and Manufacturing Dinner. Our members can hear from highly respected speakers and mingle with key senior figures in both UK business and government.
Access to intelligence
The CBI has an unrivalled information database from which the MIA benefits. We receive regular updates and analysis on how government policy, industry trends and international events will impact our industry. The CBI's economics analysis team provides qualitative business trends surveys and macro-economic analysis and forecasts. Information is available prior to the publishing of official statistics which can provide invaluable insights to our members.
Research reports available
Benchmarking research reports are compiled from data gathered from the CBI’s comprehensive database of member companies which collectively employ over four million employees. Annual CBI HR reports assess trends in pensions, absenteeism and labour turnover. In addition, there are publications that report on the competitiveness of the UK through investigations into labour market flexibility, transport, taxation, manufacturing, environmental regulation and financial services. If you’re keen to find out more, visit the CBI’s website.