Construction company to run Donington Park

Grant Prior 13 years ago
Share

Adroit Construction is set to take over the running of Donington Park motor racing circuit.

The Worcestershire based contractor and property developer is planning to spend £2m upgrading the track this year.

The circuit has been unused since last September following an ill-fated attempt to stage the British Grand Prix.

The track closed and administrators were called in after leaseholder Donington Ventures went into administration last autumn.

The company, which leased the circuit from owners the Wheatcroft family, folded after failing to raise the millions needed to upgrade facilities to stage the British Grand Prix.

Current owner Kevin Wheatcroft confirmed an agreement has been reached in principle for the Adroit Group to take over the running of the circuit on a 25-year lease.

David Broome, managing director of Adroit Group, said: “It is a big task and nobody is under any illusions about that.

“We intend to bring the site back up to a world class standard. The entire site needs attention whilst much of it will require a total overhaul from the track itself to the medical centre, hospitality suites, phone, radio and PA systems, IT systems, CCTV and general ground work.

“There is no magic wand, but through a calm, cautious, credible and sensible approach we know that we have the experience, expertise and absolute commitment to bring the glory years back to Donington.

“I believe the very fact that we fully understand the task at hand and were able to convey our realism and pragmatism were factors in us winning out over the other parties.”

Redevelopment work had already started and sections of the circuit had been dug up, making it unfit for racing.

The new operator is expected to take over running of the entire site, including exhibition facilities and the Norton motorbike factory.

Adroit Group’s operations director, Steve Watton, said the group hopes Donington can regain its FiA Grade 2 Licence following an inspection in August.

Regaining the licence would allow racing to resume at the track in September.

Mr Watton said: “It is a vast and multi-faceted site and our approach will dictate that no one element will suck the attention, life and finances from any other. Quite the opposite, everything must enhance everything else.

“Not only will we bring existing aspects back up to scratch but we intend to make exciting new introductions that will not demand huge capital outlay but will make best use of what we already have on our doorstep.

“It is also critical to us that we work with the Castle Donington community. It is as much their facility as anyone’s and we want them to feel part of it and be proud of it.”

Mr Watton, a club racing driver for more than 20 years, added: “Donington Park is one of Britain’s big three racetracks alongside Silverstone and Brands Hatch. It has the most fantastic heritage stretching back as far as the 1930s.

“This is going to be a dynamic new era but we want to preserve and celebrate such rich heritage.”

Latest news

Administrator details confirmed at Southampton M&E firm

Begbies Traynor now in charge at Working Environments as suppliers face large losses
6 hours ago

Applicant numbers nosedive for construction vacancies

Recruitment market gets even more competitive - how the Enquirer can help
10 hours ago

Housing association shuts in-house modular factories

Swan closes loss-making steel frame and cross-laminate timber factories
12 hours ago

350-homes approved around iconic London Tube station

Housing blocks to be built around Grade II-listed Hounslow West Tube station
12 hours ago

Domis set for £195m Boddingtons Brewery scheme

Developer Salboy buys Manchester site to kickstart long-awaited 556 homes project
14 hours ago

John Lewis £500m funding deal to build 1,000 rental homes

Deal to advance BTR flats at store sites in Bromley, West Ealing and Reading
1 day ago

Esh launches new housing retrofit division

Esh Retrofit Solutions will target market to improve the energy performance of social rented homes
14 hours ago

Eric Wright wins tricky £52m Liverpool transformation

Contractor working with engineers at Ridge and Partners on "challenging" Stanley Lock Flight site
3 days ago

Investment giant buys Bristol M&E contractor

RDCP Infrastructure acquires Avon Combined Electrical Services
4 days ago

Demolition start for £50m Farnworth town centre rebuild

Caddick Construction is tipped for main works due to start in the spring
4 days ago

L&G Modular strikes deal to build 1,000 affordable homes

Modular homes business teams up with Hampshire's Vivid housing association
4 days ago

Former Erith operations director joins John F Hunt

Scott Exell named new operations director at demolition specialist John F Hunt
4 days ago

Green light for £135m Leeds twin tower resi scheme

Construction to start in New Year on 500 build-to-rent apartments
4 days ago

Mace hits 1m tonnes carbon saving target for clients

Present work pipeline betters 2026 carbon emission saving target
4 days ago

Plans in for £40m surf park at former Kent colliery

Seahive surf lagoon and health resort will be built near Deal
5 days ago

Crushed demolition worker vows to return to industry

Shannon Brasier hoping to return to construction following horror accident
5 days ago

Mount Anvil to start 900-home North London estate rebuild

Planning approval paves way for Barnsbury Estate rebuild in Islington
5 days ago

Green light for major laboratory campus in Cambridge

Developer BioMed to tender first building on 600,000 sq ft lab complex in the New Year
5 days ago

Belfast firm signs the biggest work deal yet under Project Gigabit

Fibrus to hook-up rural Cumbria to lightning-fast broadband under £108m deal
5 days ago

McLaren wins Leeds logistics park contract

Work to start imminently on warehouse complex for Firethorn Trust
5 days ago

Work restarts on £683m waste power plant after site death

Construction suspended for a week of investigations following fatality
5 days ago

Demolition starts on £135m Wigan Galleries scheme

Contractor BCEGI starts work on project to redevelop Wigan town centre
6 days ago

Amey CEO to step down following private equity buyout

Amanda Fisher to leave once business is transferred to new owners
6 days ago

New body set up to vet plant operator card schemes

Contractor trades bodies unite to tackle competency concerns over plant operator skills cards
6 days ago

Kier leads switch to hybrid battery generators

Battery units work alongside smaller generators cutting run times by nearly 60%
6 days ago

Plans in for first Leeds co-living scheme

Watkin Jones submits plan to convert old Direct Line HQ into 230 studio flats
6 days ago

Demolition worker crushed by excavator

Court hears 20-year-old woman was left with "life changing injuries"
6 days ago

Government pays £700m for 50% stake in Sizewell C

New body, Great British Nuclear, will be set up to develop pipeline of nuclear projects
6 days ago

Costain wins Heathrow Airport asset renewal deal

Firm takes early contractor involvement role in Terminal 2 baggage handling upgrade
7 days ago

Worker killed on £683m waste power plant site

Fatal collision involving heavy goods vehicle on giant north London site
7 days ago

Contractor services