The motorsport industry is a significant part of the UK economy. According to industry estimates approximately 4,500 companies are involved in the UK Motorsport and Performance Engineering Industry and its wide-ranging support activities. The industry has an annual turnover of £6.0 billion, and contributes £3.6 billion worth of exports. The Motorsport Industry Association estimates that the support side of the sector alone "involving events management, public relations, marketing, sponsorship and a host of other support functions" accounts for approximately £1.7 billion of the yearly industry total. And in terms of employment, UK Motorsport supports 38,500 full and part-time jobs, including 25,000 engineers.
|Place of Publication||London (UK)|
|Publisher||Advanced Institute of Management Research (AIM)|
|Publication status||Published - 2009|
Delbridge, R., & Mariotti, F. (2009). Racing for radical innovation: how motorsport companies harness network diversity for discontinuous innovation. Advanced Institute of Management Research (AIM). http://www.aimresearch.org/uploads/File/pdf/Executive%20Briefing/AIM%20Motorsport%20v2(1).pdf