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

43 Looking at employment figures, Revival 2012 was associated with over 95,000 person-nights spent away from home of which over 24,000 resulted from people staying for more nights than needed to attend the Revival of which 58,000 and 13,000 stayed locally in the Chichester area. We have estimated that the total revenue from all historic vehicle racing in the UK (spectators, sponsorship, entry fees, hospitality, other spectators’ expenditure and car preparation) generate revenue of at least £ 370 million a year and cause the employment of nearly 7,000 full-time equivalents. Table 14 Economic impact of historic vehicle racing Revenue (£m) GVA (£m) Employment (FTEs) COE (£m) Racing 371 224 6,752 170 Source: Cebr calculations based on estimates from Goodwood and elsewhere 7.4 Classic rallying Even more fast growing than racing is classic vehicle rallying. This appears to be growing rapidly, based on two items of evidence – the scale of participation in initial training and the level of oversubscription for events. We could identify between 200 and 300 historic rallying events in the UK, and there may well be many more and we estimate that there are about 4,000 cars that satisfy the definition of an historic rally car, though many of them are dual use and can be used perfectly happily on the road. The events range from one day club events covering a small area to the triennial Peking to Paris Motor Challenge that traverses half the world. The 120 places in the latter are 8 times oversubscribed and ralliers spend multiple hundreds of thousands of pounds on the event. Although some of the expenditure from the Peking to Paris event is over the route which covers the whole Eurasian continent, the bulk is based in the UK because of the UK’s central role in worldwide historic vehicle preparation and because the base of the rally organiser, HERO-ERA, is in the UK. It is estimated that a major historic rally will cost £1,350 per car per day. Currently the scale of classic rallying in revenue terms is not far short of that of classic racing. The revenue is just over £ 250 million and the number of full-time equivalent jobs just over 1,600. There is a significant spillover into other industries as can be seen from the data from HERO-ERA. Their events in the UK alone in 2019 led to a £500k spend across hotels, catering and venue hire and obviously this excludes the spending abroad for the Peking to Paris Motor. This spend is captured in the input output modelling. Table 15 Economic impact of classic vehicle rallying Revenue (£m) GVA (£m) Employment (FTEs) COE (£m) Rallying 253 125 1,610 51 Source: Cebr calculations based on data from HERO-ERA and other sources