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Last Updated: Wednesday, 1 March 2006, 16:00 GMT
New Formula One plans unveiled
David Richards
David Richards co-founded Prodrive in 1984
Motorsport company Prodrive has announced plans for a Formula One-standard factory at its Warwickshire proving ground.

The company, owned by former British-American Racing boss David Richards, says the new base could provide jobs for up to 1,000 staff.

The 200-acre site, near Honiley, Kenilworth, could eventually house a new Formula One team, a spokesman said.

Mr Richards said the site, called the Fulcrum, would be an asset to the area.

Prodrive already run Subaru's world rally team and Aston Martin's sports car squad.


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