THE ECONOMIC AND ENVIRONMENTAL IMPACT OF THE HISTORIC AND CLASSIC MOTOR INDUSTRY IN THE UK

PLEASE NOTE AND RESPECT THE EMBARGO 00:05am 15 TH DECEMBER 2020 © Centre for Economics and Business Research NEWS RELEASE THE ECONOMIC AND ENVIRONMENTAL IMPACT OF THE HISTORIC AND CLASSIC MOTOR INDUSTRY IN THE UK Revealed: an £18.3 billion turnover growth industry, a surprise boost to the UK economy *Heritage Motor industry has same economic impact as all UK’s ports, all performing arts sectors. A fifth of size of huge UK built heritage sector of historic buildings. Double the size of Scotch whisky industry. *Contrary to perception, industry emits miniscule carbon by comparison with other ways of spending – a green surprise! *Growth industry sector providing 113,000 jobs through the chain spread across the UK It’s a well preserved secret, just like the historic and classic vehicles the industry services, that this heritage motor sector turns over £18.3 billion employing 113,000 people across the supply chain. A surprise boost to the UK economy just when it is needed. A new report released today by world leading economics agency Cebr, commissioned by HERO-ERA, shows that the sector is comparable in the scale of its economic impact to all of the UK’s ports, to the arts sector including theatre, publishing and music and is a fifth of the size of the huge UK built heritage sector of historic buildings. It is around half the size of the projected offshore wind industry or the whole industry of coffee and coffee shops. It is approximately twice the size of the whisky, literary, publishing and bookselling industry. *R ESEARCH FROM 2019 0 100,000 200,000 300,000 400,000 500,000 600,000 Total UK jobs impacts from different industries