Toto Wolff and Red Bull’s Christian Horner visit No 10 to discuss F1’s importance to the economy – Maxsports
May 15, 2024

Maxsports

All Sports To The Max

Toto Wolff and Red Bull’s Christian Horner visit No 10 to discuss F1’s importance to the economy

The Wolffs of Downing Street! Mercedes chief and his wife visit No 10 along with Red Bull’s Christian Horner to discuss the sport’s importance to the British economy

  • The British Grand Prix at Silverstone is set to take place this coming weekend 
  • Team principals from the seven-British based teams met with the government
  • Among the discussions was the importance of the industry to the UK economy 

Mercedes’ Toto Wolff and Red Bull chief Christian Horner were among the British-based team principals pictured leaving No 10 Downing Street on Tuesday.

After Sunday’s Austrian Grand Prix – where Max Verstappen won his fifth race in a row to extend his lead at the top of the Drivers’ Championship to 81 points – the sport is preparing for the British Grand Prix at Silverstone this weekend.

And, ahead of the action getting underway in Northamptonshire, the seven British-based teams were in Westminster.

These are: Alpine, Aston Martin, McLaren, Mercedes, Red Bull and Williams, while Haas – although they are a US team – also have a base in the UK.

Their team principals met with the Department for Culture, Media and Sport and No 10 advisers, which included Culture, Media and Sport secretary Lucy Frazer.

Mercedes' Toto Wolff (left - pictured with his wife Susie (right)) was among the British-based F1 team principals who were pictured leaving No 10 Downing Street on Tuesday

Mercedes’ Toto Wolff (left – pictured with his wife Susie (right)) was among the British-based F1 team principals who were pictured leaving No 10 Downing Street on Tuesday

Red Bull's Christian Horner was also there for the meeting with DCMS and No 10 advisers

Red Bull’s Christian Horner was also there for the meeting with DCMS and No 10 advisers

Stefano Domenicali, CEO of the F1 Group, posed with Culture and Media secretary Lucy Frazer

Stefano Domenicali, CEO of the F1 Group, posed with Culture and Media secretary Lucy Frazer

The major part of discussions was the importance of the F1 and racing industry to the British economy. 

Silverstone alone tends to generate around £100m for the surrounding area from the race weekend, according to organisers.

Meanwhile, the Motorsport industry employs more than 40,000 people in the UK, while the British-based F1 teams are reported to invest an estimated £1bn into research and development each year. 

Wolff was spotted leaving Downing Street alongside his wife Susie – who is managing director of the F1 Academy which is an all-female racing series.

Horner – who also visited No 10 last month to discuss diversity and inclusion – posed outside for photographs.

Stefano Domenicali – CEO of the Formula One Group – was similarly in attendance and spoke to the media alongside Wolff afterwards, while he also stood next to Frazer for photos outside No 10.

Furthermore, Sky Sports commentator and former driver Martin Brundle was part of the meeting as was British racing legend Damon Hill.

Wolff and Domenicali spoke to the media after the meeting which was about the importance of the F1 and Motorsport industry to the British economy

Wolff and Domenicali spoke to the media after the meeting which was about the importance of the F1 and Motorsport industry to the British economy

Sky Sports commentator Martin Brundle joined the meeting with the team principals

Sky Sports commentator Martin Brundle joined the meeting with the team principals

Wolff's wife Susie is the managing director of the F1 academy - an all-female racing series

Wolff’s wife Susie is the managing director of the F1 academy – an all-female racing series