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Caterham scoops 'Business of the Year' at MIA Business Excellence Awards
Posted by: newsla on Jan 10, 2014 - 03:57 PM
Formula 1 News
Caterham scoops 'Business of the Year' at MIA Business Excellence Awards

Caterham has been honoured as ‘Business of the Year’ at the annual MIA (Motorsport Industry Association) Business Excellence Awards, held in Birmingham on the evening of Thursday 9th January 2014.


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As a brand, Caterham has continued to grow, expand and diversify across each of the business arms that make up the Caterham Group – Caterham Cars, Caterham Technology & Innovation (CTI), Caterham F1 Team, Caterham Composites and the recently-launched Caterham Bikes division.

Many of the high profile activities of the group have benefited from engineering and development work that has been led by CTI, the specialist engineering services division of the Caterham Group, which has been a member of the MIA since January 2013.

The MIA was created in April 1994, and in the nearly 20 year tenure of the Association it has helped to grow member businesses substantially, remaining a positive beacon for the motorsport industry by working with UK and EU parliaments to ensure the British motorsport industry has a solid, long term role within the Economy.

The Caterham Group is one of two recipients of the Business of the Year Award, triumphing in the category for larger businesses with a turnover of over £5m.

Graham Macdonald, CEO of the Caterham Group, accepted the award and said: “Both CTI and the rest of the Caterham Group are honoured to receive this award from a body whose members are some of the finest engineering minds in the world. This really is an accolade from peers, which makes holding this trophy all the more special and satisfying because they recognise the great work that is being done across the Group.”

The Caterham Group has had a whirlwind 2013, with expansion occurring internationally, the addition of Caterham Bikes, a Moto2GP team for 2014 and a number of new Caterham models.

Some of the highlights of the past 12 months include:

· Marking Caterham’s 40th anniversary year, with the Seven 160 pulling the Seven back to its original philosophy of a simple, lightweight race car for the road.

· Creation of the AeroSeven Concept

· Launch of 3 new Caterham Seven models, the 485, 620R and 160

· Continuing work on Caterham’s flagship new sportscar as a result of the 50-50 Joint Venture with Renault

· Expansion into motorcycles – including announcement of entry into the 2014 Moto GP2 championship

· Caterham’s debut in the Le Mans 24 Hours

· Expansion into new export markets in Asia and South America

· Taking motorsport design expertise into the Aerospace & Marine sectors

Macdonald continued: “This has been one of the most challenging but successful years in Caterham’s history. We’ve shown our first new road model in 18 years in the AeroSeven, and we’ve had such positive international reviews for the new Seven 485, 620R and 160 models – but we’re proud to be staying true to our roots.

“We look forward to the future, the joint venture with Renault and the launch of our exciting new flagship sportscar in 2016, which will be a proud moment for British engineering. We have exciting plans for an expanded range of Caterham road vehicles with accessible fun at their very heart, improved manufacturing facilities, the new Caterham Bikes and Moto2 GP arms of the Group and our on-going activities with the pinnacle of motorsport – Formula 1. Being the recipient of this award reminds us we are on the right track – that is where we are determined to stay.”

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