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Following the launch of Diamond Races, the Isle of Wight has attracted interest from technology businesses looking for locations in the UK. This is being credited to the close links that exist between motorsport and electric vehicle (EV) technology.

3 times British Touring Car Champion, Matt Neal, is one of the main movers behind Diamond Races and works closely with a number of EV businesses.

Matt commented:

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“Motorsport is moving rapidly along a path towards more environmentally-friendly power sources. It is constantly innovating at the leading edge of hybrid and electric vehicle development.

“The Isle of Wight’s commitment to the Diamond Races has really caught the attention of a number of people currently looking at UK production facilities and what a base on the Island could offer them.”

One example is Electra Meccanica, a Canadian company that aims to revolutionise personal transport and has ambitions to expand its operation in the UK.

Matt continued:

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“I have a connection with Electra Meccanica and was delighted to put forward the Isle of Wight as an option for a potential new facility in the UK. The company builds some of the most innovative and exciting new electric vehicles available and in many ways, they would really suit the Island. It could be an ideal fit.”

Almost overnight, Diamond Races has raised the profile of the Isle of Wight in the EV sector and has changed people’s perception of it as a place to do business. This view is shared by Steven Holbrook, Chief Executive of the Isle of Wight Chamber of Commerce. He says:

“The Isle of Wight has a long history of technical innovation. Motorsport is immediately proving to be a catalyst and clearly changing how investors are looking at the Island. They are now seeing our potential as a hub for future technologies, which could yield a valuable source of sustainable new jobs for Islanders.”

Organisers of the Diamond Races have already expressed an interest in demonstrating electric racing bikes at the event in 2021.

Matt enthuses:

“Every year the TT Zero category at the Isle of Man produces a  showcase for electrically powered machines. The performance of these bikes is beyond impressive. “If we continue to emphasise the linkages between EV technology, motorsport and the Isle of Wight, it can only be good for the Island’s economy and environment.”

Currently, there are 3 EV companies that have expressed an interest in the Isle of Wight and discussions are now being taken forward with the Isle of Wight Council and the Solent LEP.

Chief Executive of Diamond Races, Paul Sandford concluded:

“Having people of Matt’s calibre involved with our event is one of our greatest assets. It demonstrates the strength and depth of the Diamond Races team and its potential to bring future prosperity to this island that goes beyond the motorsport.”

The views/opinions expressed in these comments are solely those of the author and do not represent those of Island Echo. House rules on commenting must be followed at all times.
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Excellent news, if it can be made to happen. Memo to IWC – don’t f**k it up.

Arthur Sausage

They will without doubt.
Council is good at that!

isla wight

Watch these potentially big money firms all disappear when the race gets stopped because a few retired nimby’s happy in their own little bubble world complain.


True that.

Karn Evil 9

Ransom – Either hold the event or we won’t invest here. Isn’t holding a person or organisation to ransom illegal ?


We don’t want this here.

Tim C

Thats very small minded and idiotic, this is no ransom. This is what happens when world class events as high in profile as formula 1 take an interest the island. The cutting edge industry that supports it will follow.
Thats not a ransom! That is simply logical for those industries.
These are the benefits of an event like this.

Last edited 1 month ago by Tim C

Got a link to where it says that any investment from any of these companies is conditional on this event happening? No, didn’t think so.

Bbq Bob

Great news for the island, bringing more job opportunities. No doubt the Brighstone/ Mottistone moaners will stop the event before it happens. Or the council will mess it up as usual.

Karn Evil 9

I guess you think holding the island to ransom is a good idea……. so if you hold the event I will try and try and get a few jobs over here. If you don’t hold the event then I won’t bother.
I don’t believe any more jobs will be created here, it’s just a ploy to get this event going.


Got a link to where it says that any investment from any of these companies is conditional on this event happening? No, didn’t think so.

Karn Evil 9

Don’t need a link, the article says it all.

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