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Racing Point hoping to open new factory 'in the break of 2021'

  • Published on 03 Sep 2019 10:31
  • comments 1
  • By: Fergal Walsh

Racing Point has plans to move into its new factory in the break of the 2021 season as it continues to expand its position in Formula 1.

The Silverstone-based outfit confirmed earlier this year that it was planning to build and operate from a brand new factory in the coming years.

With added investment coming from the new owners that took over the team during the summer of 2018, team principal Otmar Szafnauer says there are big differences to the team compared to where it was 12 months ago.

“There are many things that are different,” Szafnauer said. “The one significant thing is that we don’t suffer with the financial instability that we used to have, at all.

"That means we can plan our developments on the car. We can plan when we bring upgrades and they actually happen."

“We’ve added about 40 employees. We were at 405 a year ago, now we’re at 445. And if there are good people on the market, we’re interested.

"We’re adding, we’re growing and we want to be more competitive. So, those are our plans going forward – but it takes time. It doesn't happen overnight.”

Szafnauer added that Racing Point is hoping to secure planning permission for its new factory next month, before building gets underway early next year.

“Apart from that, we have plans going into the future. There’s a new factory coming; we should get planning permission for that in October and have ground-breaking in the first quarter of next year.

"The plan is to actually move into the new factory in the break of 2021. So, although that won’t come to fruition for another 18 months or so, those plans are happening today.”

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24 - Sep 26
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29 - Oct 31
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Brazil
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3 - Dec 5
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Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
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Australia Albert Park
3 - Dec 5
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