Formula 1 lobbying UK Government, Citing £12 Billion Economic Impact
london, UK – July 2, 2025 – Formula 1 President Stefano Domenicali is set to meet with Prime Minister Sir Keir Starmer today to underscore the sport’s notable contribution to the UK economy. The meeting, coinciding with F1’s 75th anniversary celebrations, will see Domenicali and key figures from the racing world advocate for the sport’s interests within the British government.
Domenicali emphasized the UK’s central role in Formula 1, calling it “the heart and rock and roll of this business.” He plans to highlight the industry’s impressive economic footprint – a staggering £12 billion annually – and its employment of over 6,000 people across a supply chain involving 4,500 companies. Notably, seven of the ten current F1 teams are based in the UK, with ten of eleven teams projected to have UK bases by next year, including new entrant Cadillac.
A key point of discussion will be the logistical challenges posed by Brexit, specifically restrictions on travel and visa requirements for staff moving between Europe and the UK. Domenicali will also be promoting F1’s commitment to sustainability, detailing the introduction of new engines in 2026 designed to be 50% powered by electricity as part of a broader plan to achieve net-zero carbon emissions by 2030.This proactive engagement signals F1’s intent to solidify its position within the UK and ensure a supportive surroundings for its continued growth and innovation.Keywords: Formula 1,F1,Stefano Domenicali,Keir Starmer,UK Economy,Brexit,Sustainability,Motorsport,Racing,Net-Zero Carbon.
