The MIA
and
Motorsport Valley®
Chris Aylett
Chief Executive
Motorsport Industry Association
© MIA 2007
The Motorsport Industry Association (MIA)
…is the specialist trade association
serving the Motorsport Valley Business Community...
© MIA 2007
•
Founded in 1994
•
Nearly 400 international corporate members, who transact
over £3 Billion of motorsport business worldwide
•
Driving forward business initiatives to strengthen industry
profitability and success
•
Creating networks, strategic alliances and develop new,
international, business partnerships
•
Interfacing with Government and the FIA in the UK and globally
Examples of our influential members:
Mercedes GP
M-Sport
Renault F1
Cosworth Electronics
Cosworth
Goodridge
Lola Cars International
Xtrac
Magneti Marelli Racing (Italy)
RML Group
IRL/Indy Speedway (USA)
Stack
Alcon
West Surrey Racing (WSR)
Wirth Research
Ricardo
…plus 330 more
© MIA 2007
High Performance Engineering
and Motorsport
Defence
IT
Electronics
Aerospace
High
Performance
Engineering &
Motorsport
Rapid
Prototyping
Automotive
Materials
© MIA 2007
Marine
Motorsport to Defence…why?
© MIA 2007
•
Motorsport companies are...
‘high-performance engineering solution providers’
•
Highly competitive and motivated , ‘world beating’ engineers
•
Understand the ‘ real value of ON TIME delivery’
...go out of business if deliver late, no second chance!
•
Flexible - small batch - innovative - prototype specialists
•
very different from mass automotive manufacture
Map of the UK motorsport cluster
= Race Circuits
= Formula 1 Teams
= World Rally Teams
= Major Race Car
Constructors
= Major Component
Manufacturers
= Major Engine Builders
© MIA 2007
What is Motorsport Valley?
A business cluster, unique to the UK, which boasts
– 30% of turnover reinvested in R&D
– £6 billion turnover – 65% exports
– Over 3,000 businesses, employing 40,000 people
including 25,000 engineers
"a mature economic business cluster which is number one in the world.
...the UK is global leader in the sport and business of motorsport."
Professor Michael Porter - Harvard University, USA
© MIA 2007
What is Motorsport Valley?
•
An innovative, globally successful business cluster
that ‘ just happens’ to be based in the UK
•
“Know-how and can-do” attitude
•
Best-value solutions; low volume; fast growing
•
Good rewards; re-invest profits; world class
Dominating the billion dollar world competition that is Formula One...
75% are UK teams with UK engines and chassis
© MIA 2007
The Bases and Sources of Major Components for
Grand Prix World Championship Constructors in 2010
Team
Renault F1
McLaren
Ferrari
Williams
Mercedes GP
Red Bull Racing
Virgin F1
US F1
Scuderia Toro Rosso
Force India
Campos F1
Lotus F1
Base
UK
UK
Italy
UK
UK
UK
UK
USA/Europe
Italy
UK
Spain
UK
Engine
France
UK
Italy
UK
UK
France
UK
UK
France
UK
UK
UK
...correct at this moment in time - watch this space!
© MIA 2007
Chassis
UK
UK
Italy
UK
UK
UK
UK
USA
Italy
UK
Italy
UK
Motorsport to Defence Press Coverage
© MIA 2007
Contact Details
Motorsport Industry Association
Federation House
Stoneleigh Park
Warwickshire
CV8 2RF
UK
Tel: +44 (0) 2476 692600
Fax: +44 (0) 2476 692601
Email: [email protected]
www.the-mia.com
© MIA 2007