Jaguar Racingâ€™s proposed move to a state-of-the art headquarters at Silverstone has put on hold because on an impasse with the trackâ€™s owners, the BRDC. The team had planned to lease a 54-acre site for its Â£200 million facility, which would...
Jaguar Racing’s proposed move to a state-of-the art headquarters at Silverstone has put on hold because on an impasse with the track’s owners, the BRDC. The team had planned to lease a 54-acre site for its £200 million facility, which would have incorporated a wind tunnel and an engine factory, but a difference in opinion over the valuation of the land proved to be a major stumbling block.
"In the end the difference was just too much," said team principal Bobby Rahal. "No one has failed anyone, it's just that we know what we want to pay and they know what they want to sell for and the difference is big. Overall it would have run into millions over the entire size of the project.”
The team is currently based in Milton Keynes, and uses Swift’s wind tunnel facilities in California, while Cosworth builds and prepares the engines in Northampton. The new factory would have integrated the three components, employing 1,200 people.
“The number one priority from day one has always been a proper wind tunnel and research and development centre,” he added. “We're looking at alternate sites as well. I expect that in 50 to 90 days we'll have our plan and we'll go forward at that point, wherever that may be."