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

45 8. Direct economic impact of other historic and classic vehicle events and owners clubs 8.1 Introduction This section looks at the impact on the economy of historic and classic vehicle events other than races and rallies and the impact of classic vehicle owners clubs including club specific events. 8.2 Events Our analysis of one website alone suggested at least 900 classic and historic vehicle events take place in the UK each year of which about a quarter are racing events. It is likely that this is the tip of a bigger iceberg. Classic Car Weekly claim that 10,000 events in 2020 alone have been cancelled as a result of Corona Virus 17 though this would include Club events (which we have categorised separately) and Motor Sports events (which we have also categorised separately). Events create a considerable amount of economic activity from exhibitors, sales and those who attend. We estimate that, excluding motor sports events, these other events generate at least £46 million in revenue and create 241 full-time equivalent jobs. The actual number of people who are employed is of course many times greater than this but. most of the jobs are temporary and most are filled by volunteers. The details are i n Table 16 below. 8.3 Owners clubs The government lists owners clubs since they have an official role in keeping records of vehicles and their dates of production and eligibility for being categorised as, for example, tax exempt. They list 352 owners clubs for cars, motorcycles and other historic vehicles. These owners clubs are hugely successful and appear to be a growing sector. Some have collections of historic vehicles, most have specialist magazines and the majority have collections of archive material. Many of the staff are voluntary and others part time yet despite this the sector creates 1,747 full-time equivalent jobs. Owners clubs also organise both social and competitive events. We estimate that owners clubs earn £111 million per annum in revenue, generating £57 million directly in GVA as well as nearly 1,750 jobs. Table 16 Economic impact of events and owners Clubs Revenue (£m) GVA (£m) Employment (FTEs) COE (£m) Clubs 111 57 1,747 47 Non-club events 46 24 241 12 Source: Cebr calculations based on data from owners clubs, from a short survey of accounts and events data from http://www.classicshowsuk.co.uk 17 https://www.classiccarweekly.co.uk/magazine/issues/classic-car-weekly-7-october/