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Lincoln GP _ credit British CyclingLincoln Grand Prix organiser says Brexit to blame if event doesn't go ahead this year
The future of the Lincoln Grand Prix is in doubt due to a lack of funding. Organisers have blamed Brexit for main sponsor Chestnut Homes withdrawing ahead of the 2020 edition.
The Lincoln Grand Prix has run continuously since 1956 and styles itself ‘the last remaining monument of British Cycling’.
As well as men’s and women’s elite races, the event also includes Bike Night, a hill climb and the Lincoln GP Sportive.
In a statement, organiser Dan Ellmore said: “We sincerely hope the Lincoln Grand prix will run its 65th edition in 2020 and will do everything we can to make this happen.
“However as with all of the UK racing calendar we are under the increasing pressure of rising costs in order to make sure the event is run safely and sadly after three great years with Chestnut Homes the housing market has slowed due to Brexit and the election and they are unable to support the event in 2020.”
The Lincoln Grand Prix is not the only domestic race to feel the pressure in recent times.
Earlier this month organisers stated that The Eddie Soens Memorial Cycle Race, which has been run since 1962, was “no longer economically viable.”
It has since found a new organiser and sponsor.
British Cycling today announced that former professional rider Erick Rowsell has taken on the new role of Elite Road Racing Manager, which will be focused on developing the men’s and women’s domestic road calendar and ensuring that events and teams remain sustainable.
British Cycling’s Integrity and Compliance Director, Rod Findlay, said: “Erick’s vast experience and insight from his career as a pro rider and a life in the sport will be invaluable as we continue to work with teams and race organisers to ensure that we are offering them the best possible support.
“This new role will also ensure that the growing popularity of cycling translates into a more attractive and sustainable offer for commercial partners.”
Rowsell said: “I’m thrilled to be given the opportunity to work closely alongside riders, teams and organisers to develop a domestic racing calendar which is both attractive and sustainable, and which capitalises on the unprecedented success we have seen British riders achieve in recent years.
“Through my own racing career I have a broad understanding of the challenges in front of us, and I want to draw upon all of that knowledge and experience to ensure that we are providing the best possible support to our teams and organisers in the years ahead.”
British Cycling is currently running a consultation on the future of each of its six cycling disciplines, including road racing. You can have your say here.
Alex has written for more cricket publications than the rest of the road.cc team combined. Despite the apparent evidence of this picture, he doesn't especially like cake.
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15 comments
@2trax. Thank you for your informative post. However brexthick and facts are not compatible.
In other news thank heavens the UK govt has withdrawn from the awful, EUSSR Erasmus scheme. How dare the EU think they can subsidise 'our students' to go and study in some EU university.
The vote the other day doesn't mean that the UK will withdraw from the Erasmus scheme. At least not yet.
Loves 'facts' does our Lukas.
Bang! Lyrical blow to the jaw!
What a fantastic and informative post. Thank you
The toruble with Brexit is all of those who voted for it will be saying that the issues it will cause would have happend anyway/having nothing to do with it.
So the fact that I was at risk and nearly made redundant in December has nothing to do with Brexit; I know that because some crunt who knows nothing about my business and/or the socio-economic environment has told me so.
Don't blame it on sunshine. Don't blame it on moonlight. Don't blame it on good times. Blame it on the Brexit.
Everyone will blame everything for the next 20 years on Brexit, good or bad.
"Good"? From Brexit??
Persimmon homes and other housebuilders paying millions in bonuses; Governemnet susidies, easy planning permissions, house builders have never had it so good. Brexit ? Maybe not.
Nonetheless, housebuilding figures have been in steady decline over the last nine months, and are now at their lowest level since 2010.
Compared to developing major infrastructure, housebuilding is a relatively quick process. But it still takes quite some time to do all of the studies, put in an application, get permission and then build a development - three to five years is fairly common. Despite this relatively quick turnaround on developments, it seems that housebuilders are now also being affected by low investor confidence. This could be due to a general expectation that house prices will drop post Brexit; if you work on that prediction, then buying buildings, land etc. to redevelop now when it might be cheaper in a few months doesn't seem like a very good move. Of course, the opposite could happen and land prices may increase, but I've not seen any forecasts which expect that to occur.
Even so, the situation with housbuilding is much better than major infrastructure. I'm in the planning/environment sector and have spent the last 3-4 years working on one planning application for nationally significant development. So far the plannning process has taken at least 10 years, and cost the client around £2.5 billion (including land purchase). We are still to find out whether the project can go ahead - the Government was supposed to make a decision around Q3 of last year, but it was so preocupied with Brexit that it has kicked it into the long grass (along with decisions on quite a few other major projects) and has justified the delay by asking for clarifications on some rather inane points. So while there has been planning reform, most notably with Cameron/Osborne tearing up the rule book in 2012, it has (in my opinion) led to another problem - without the guidlines of old which set out a reasonable middle ground, there is now significant divergance between the aspirations that local authorities/regularors have for developments, and what developers interpret the current planning framework to require. This is causing friction, making the passage of applications through the process rather bumpy, and is generating lots of work for planning lawers. Not quite the 'easy planning permission' that you mention (although I agree that change of use and small residential developments are somewhat easier).
With construction generally taking a very long time to recover the capital costs of development, investors are generally looking for stablility and certainty. Indeed, a 2014 publication by the Government aimed at promoting infrastructure developoment in the UK made a great deal of noise about the UK offering "A stable risk and return profile" and "Certainty for a number of years for investment". I think the bonfire of the planning guidance which has left investors uncertain what consessions exactly will be required to get consent for a project, and secondly the effects of Brexit on the economy, have been major contributors to the rest of the world investing almost 30 billion less in UK infrastructre in 2018 than they did the year before. The ONS figures for 2019 are not yet out, but I would be very suprised if they showed any improvement over 2018, and from the recent Markit PMI figures I think that external investment in 2019 will be even worse than 2019. [https://www.markiteconomics.com/Public/Home/PressRelease/1035eb4711b54f2...
Sorry for such a long post, but it is pretty clear that Brexit has had a demonstrable negative effect on most aspects of the construction industry, to the tune of about £30 billion per year (and possibly more). The Government has promissed swathes of new infrastructure (HS2, hospitals etc.) to cushion the effect of Brexit, but it should be noted that they are borrowing the money to fund this, which is quite different from having the money flow into the UK from overseas investors.
It probably will be true in lots of cases though. The uncertaintly for the last 4 years, and at least the next three will mean people won't want to risk moving house or spending money on hobbies and having worries about their jobs. So this will have a knock on to loads of things across the board.
Despite being a remainer, I can see a swathe of people and groups blaming Brexit for anything that doesn't go their way. It's an easy target.
As a remainer, let's hope so.
Yeah but weeve got control back init¡