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Suprising size of the UK motor sport industry

A government-backed survey of the UK motor sport industry has found that it is three times larger than previously thought. Contributing £5 billion a year to the British economy and £2.2 billion to exports, the industry's 2,400 companies employ over 40,000 people. The survey found that the industry faces a major threat from the European Union working hours legislation which "clashes fundamentally with the innovative and entrepreneurial ethos" that has given the sector its world-leading edge.

Published: Fri, 12 Jan 2001 00:00:00 GMT+00

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FT - page 5