We work with internationally reputed specialist business consultants, such as KPMG. With these consultants we provide clients with a report consisting of feasibility analysis, zoning, phasing and land use strategies, estimated quantities and costs and, of course, potential yield. These reports also identify how a motorsport facility could affect the local, regional and national economies.
We prefer to ensure that a viable business model is in place before a project enters a detailed design stage. This process is critical to evaluating land use and to ensure that motorsport becomes the core economic ‘value add’ to the project and that extracted land value from development surrounding the motor sport destination covers all or part of the capital cost required for that destination.
The business consultant would carry out research on the national, regional and local economies. They also identify business sectors which could benefit from the project and will establish a feasibility matrix to provide our clients with a tool to define land uses, zones, areas and yield. The report will also include a statement on the likely economic impact of the project both to the development and to the local economy.
The client’s business consultant, for example KPMG, would refer to their experiences working on similar motorsport projects and their economic databases to provide information to our client on how a project could become commercially viable.