28 November 2013
Leading British business park developer MEPC has set out its stall ahead of arguably its most exciting and ambitious project yet: a ten year, 2m sq ft development of land around Silverstone Circuit that will massively enhance the credentials of the British Formula 1 Grand Prix venue as one of the world’s most desirable motor sport locations.
To kick the project off and canvass opinion from stakeholders, MEPC hosted a one day conference inside Silverstone Circuit’s iconic ‘Wing’ building. The event attracted all the key movers and shakers involved in the Silverstone Park project, including Silverstone Circuits Managing Director Richard Phillips and British Racing Drivers’ Club Chairman John Grant, plus senior figures from MEPC, central and local government as well as the automotive and motor sport industry.
It is estimated that some 100 companies – the majority looking to expand their motor sport activities – will relocate to Silverstone Park inside the next decade, thereby creating 4000 or more jobs.
MEPC already oversees seven other high-profile business parks in the UK, each with differing industry themes according to the clustering of industry in the locality.
The company’s Chief Executive Rick de Blaby commented: “The goal of our forum at the Silverstone Wing was to hear from stakeholders and gather perspectives on what makes Silverstone such a special place. The MEPC team wants to be well informed so that it can deliver an exceptional master plan and attract the high performance engineering and vehicle engineering companies that have been identified, and ensure that the proposition meets their needs.
“There has been lots of positive feedback for our initial plans and for the manner in which we have commenced dialogue with key partners. The Silverstone Park development is a massive undertaking which we and Silverstone Circuit consider will bring much added kudos to the venue as a whole.”
During the forum he also explained that the project is already beginning to capture the imagination with visible works imminent, adding: “We have one F1 team already talking to us about a big new complex. Our first task is to invest £12 million in gas, water and electricity supplies during the next 18 months. By March 2014 people will see that things are really starting to happen.”
Heavy praise was also heaped on MEPC’s vision for Silverstone Park from other quarters during the forum.
Delta Motorsport has operated on site since 2005, designing and manufacturing international single-seater and sports cars as well as leading the way in electric-powered road vehicle engineering. Its Managing Director Simon Dowson enthused: “One thing that really excites our customers is that when they visit us for a business meeting they are visiting the home of British motor racing – we are at Silverstone and we take advantage of that whenever and wherever we can.
“MEPC seem very much about looking after the interests of unit holders – not simply Silverstone, but the people in the units.”
Lawrence Davies, Deputy CEO in the Automotive Investment Organisation, said: “MEPC’s plans for Silverstone are exciting and help to develop a strong proposition for R&D companies looking to move their business into the UK. The Automotive Investment Organisation will be happy to support them to engage with the best international companies.”