200 jobs to be created as East Mids speedway makes way for automotive hub
Some 200 jobs are set to be created after the owner of Rockingham Speedway in Northamptonshire said the site will close at the end of this year to make way for an automotive logistics hub.
The Northamptonshire Telegraph says that the Corby speedway’s new owners Rockingham Automotive LLP (RAL) will develop the site into 100,000 sq ft of vehicle processing facilities spread over 250 acres.
Peter Hardman, current CEO at Rockingham, told the newspaper: “The team at Rockingham have done a tremendous job running the circuit and the facility over the last five years. However, it has been reluctantly concluded that motorsport activities are unlikely to produce an economic return for the new owners when set against the acquisition cost of the land. “All events to the end of 2018 will be run with the professionalism and enthusiasm that are the hallmark of Rockingham, but circuit activities will cease from the beginning of 2019. “RAL is in discussion with the two local authorities, Corby Borough Council and East Northants District Council on the future development of Rockingham.”
Rockingham is already home to a range of automotive businesses including Groupe CAT, GEFCO and City Auction Group
Michael Tomalin, managing director of City Auction Group, which operates car auctions at Rockingham, told the Northamptonshire Telegraph: “We are very excited about the future of CAG at Rockingham. We have plans to invest heavily in new facilities to provide market-leading de-fleet and external operational services, alongside remarketing events.
