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 It continues to provide jobs, skills, heritage preservation, pride and job satisfaction which also contributes to well being. Most importantly for continuity, it provides training with 665 apprentices employed in 2019 and many schemes in place to bring more into the skilled trade where technicians in the sector typically earn a premium of 70% to the average wage. Conservation practice creates more skilled jobs. In summary, the economic and environmental impact of the historic and classic motor industry in 2019 has proved to be a larger than expected, ‘well preserved’ secret , with a tiny carbon emission in comparison with general motoring and consumer item spending. That is contrary to perception. The UK Heritage Motor Industry is a European market leader and now seeks recognition and protection in order to nurture the future of UK’s motoring heritage in all its forms to cherish and preserve for future generations. The industry also seeks further assistance from government and industry to bring more apprentices into the business so that vital skills can be passed on. ENDS For more information: Tony Jardin e Tony@hero-era.com phone Doug McWilliam s dmcwilliams@cebr.com mobile: +447710083652 Link to photo gallery here Disclaimer here Notes to editors This is a press release covering the report ‘The Economic and Environmental Impact of the Historic and Classic Motor Industry in the UK’. The 60 page report has been commissioned by HERO -ERA from the economics consultancy Cebr. The report covers the impact of the Historic and Classic Motor Industry on the economy, jobs, skills, the heritage and the environment. A full embargoed copy of the report is available from Tony Jardine Tony@hero-era.com HERO-ERA is the world ’s leader in historic and classic rallying and runs the epic Peking to Paris Motor Challenge as well as many other leading events . Based at the heart of the UK’s historic motor sector in Bicester Heritage, HERO-ERA is delighted to be sponsoring this crucial report and wish to acknowledge the assistance of many contributions from the industry but in particular; The Royal Automobile Club, The Federation of British Historic Vehicle Clubs, Bicester Heritage and Bicester Motion. Cebr is one of the world’s lea ding economics consultancies. Based in London, Cebr specialises in economic impact studies, forecasting and other forms of economic analysis. Douglas McWilliams, Cebr’s founder and Deputy Chairman is a motoring enthusiast who completed the 2019 Peking to Paris Motor Challenge (described in the book ‘Driving the Silk Road’) and was the prime author of the report. HERO-ERA HERO Events Ltd, 138 Southern Avenue, Bicester Heritage, Bicester, OX27 8FY, United Kingdom t .+44 (0) 1869 254979 . enquiries@hero-era.com . www.hero-era.com Registered in England and Wales: 699740