Good news: The Bloodhound SSC has been saved!
How about something to make that Monday morning, a little bit better?
Recently, there was grave news about the Bloodhound project going into administration due to a lack of funding. Well, it looks like it will be a great Christmas after all for the Bloodhound team - the project has been saved.
Since announcing that the project has gone into administration due to a lack of funds, the administrators have been approached by a number of people interested in taking on the project financially. One buyer stood out: Ian Warhurst, a Yorkshire-based entrepreneur - who has purchased the business and assets for an 'undisclosed amount'.
Andrew Sheridan, Joint Administrator and partner at specialist advisory firm FRP Advisory LLP, said: “We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future. Ian has a strong background in managing highly successful businesses in the automotive engineering sector and he will bring considerable expertise to bear in taking the project forward. He will be outlining his plans for the project in detail early in the New Year.”
“In the meantime, we would particularly like to thank the Ministry of Defence and Rolls Royce for their support and collaboration throughout this process, without which it would not have been possible for the project to be in a position to continue.”
This amazing news means that the Bloodhound project can continue to operate and get to that golden 1,000mph Land Speed record. The future of British engineering and education is safe, at last.
What more could you want for Christmas than a 135,000hp car?