The UK’s High Performance Technology and Motorsport industry is poised for continued growth in both vehicle production and local sourcing of components. This is a key sector with high growth within the Corridor.
Government support should be encouraged to maintain an attractive environment for growth and to enable the UK to build on its existing strengths. The potential economic benefit of autonomous and connected vehicle technology alone has been estimated at £50 billion annually.
In 2016 Milton Keynes had the UK’s first glimpse of self-driving vehicles. The cars will be tested before a fleet of 40 pods comes into operation which is expected by the end of 2017.
The area is home to a number of automotive experts.