|"The MSA is delighted that the DTI has endorsed the recommendations of the Motorsport Competitiveness Panel," says Colin Hilton, Chief Executive of the Motor Sports Association.
"As the governing body, the MSA has been heavily involved in helping the panel to decide how best to safeguard and further stimulate the world-class motorsport and related motorsport industry that has developed in this country.
"The future health of UK motorsport relies on securing the long-term futures of major events, developing the talents of those on the frontline of the sport from drivers and engineers to officials and marshals, and expanding the opportunities for more people to get involved.
"The Motor Sports Association looks forward to implementing and administering the DTI`s initiatives within the sport."
The Motorsport Competitiveness Panel was established in October 2002 by the Rt Hon Patricia Hewitt MP, Secretary of State for Trade and Industry, to sustain and further develop a thriving and competitive UK-based motorsport structure and related industry.
The Panel set up four working groups to report on the subjects of:
· Finance, Investment and Economic Impact
· Skills Education and Training
· Technology and Innovation
Release MSA03-016: 11 July 2003