UK Prime Minister Sir Keir Starmer hosts F1 for 75th year celebration in Downing Street

Method 1 CEO and President Stefano Domenicali met with British Prime Minister Sir Keir Starmer for a celebration of the game’s seventy fifth anniversary yr – and a dialogue about F1’s position in the UK’s financial system – forward of the British Grand Prix at Silverstone.

Starmer welcomed Domenicali, together with Derek Chang, President and CEO of Liberty Media, and a bunch of F1 personalities to Downing Road on Wednesday, the place they met with the Secretary of State for Science, Innovation and Know-how, Peter Kyle, the Secretary of State for Tradition Media and Sport, Lisa Nandy, and MPs.

Additionally current have been present drivers together with Carlos Sainz, Alex Albon, Ollie Bearman and Esteban Ocon, in addition to group bosses James Vowles, Flavio Briatore, Andy Cowell, Jonathan Wheatley and Ayao Komatsu.

Different attendees included leaders of the incoming Cadillac F1 operation Graeme Lowdon and Daniel Towriss, F1 ACADEMY Managing Director Susie Wolff and several other F1 ACADEMY drivers, and F1 legends Sir Jackie Stewart, Damon Hill, Martin Brundle and Jenson Button.

Domenicali and Starmer each made speeches on the occasion, which was additionally attended by younger engineers, interns, students, apprentices and graduates from F1’s 10 groups – F1 itself presently funding 50 mechanical engineering college students with full scholarships at a number of UK universities.

“A particular thanks to The Prime Minster for inviting us right here at present to this well-known and historic setting,” mentioned Domenicali. “We now have an unimaginable week forward on the British Grand Prix with almost half one million followers coming to cheer on their heroes. This nation is obsessed with Method 1 and motorsport, and we’re very happy with this.

“75 years in the past, Method 1 began right here within the UK at Silverstone in 1950. Since then, is has change into a British establishment with deep roots and an enormous contribution to the nation.

“That is the house of our sport, and we would like that to proceed, as I do know you and your authorities are dedicated to.

“On the coronary heart of all of that is an unimaginable sport with passionate followers within the UK, all around the world, and the most effective drivers on the earth combating for the last word prize in motorsport.

“It’s an unimaginable time to be a part of this sport, one thing that has been a part of my life for therefore lengthy, and the assist of all of you right here and The Prime Minister is so essential.

“I consider we’re a unbelievable enterprise card for this nation around the globe, and I look ahead to our future collectively.”

F1 performs an enormous position within the UK’s financial system, contributing £12 billion in worth yearly, with greater than 6,000 individuals being straight employed, and a provide chain of 4,500 firms using round 41,000 individuals.

From subsequent yr, a full 10 of F1’s 11 groups can have main bases and operations within the UK, with Kick Sauber having yesterday introduced a brand new UK Know-how Centre in Bicester.

In the meantime, F1’s world-leading Media and Technical Centre – which produces Worldwide Feed protection and F1 TV reveals at each Grand Prix – is situated in Biggin Hill, Kent.

General, the UK boasts 16.7 million followers, with round half one million spectators anticipated at this weekend’s British Grand Prix weekend.