The Motorsports Industry Association (MIA) hosted its prestigious annual Business Excellence Awards Dinner for 2020 at the Birmingham NEC on the 9th of January. This is an event that traditionally kicks off the New Year by recognising commercial excellence within the UK’s world-leading motorsport industry.
The awards dinner, sponsored by AP Racing, takes place after the first-trade day of the popular Autosport International show, which showcases the best of the industry to the trade and the general public alike. The awards dinner attracts more than 400 industry guests from all around the world. For 2020, the event was hosted by TV presenter and former England rugby international Martin Bayfield who entertained the assembled guests before moving onto the serious business of the awards.
The MIA is a global professional network that spans all areas of the motorsport industry. It has over 300 member companies across the world and between them, these organisations do over £5 billion of business. The MIA represents the needs of this highly successful and fast-developing industry around the globe
MIA members are invited to cast their votes for the winners of the Business Excellence Awards in each of seven different categories covering: services to the industry, new markets, export achievement, technology and innovation, teamwork, and business of the year in two categories for enterprises with sales of under and over £5 million.
Coryton Advanced Fuels was one of four nominees in the Technology and Innovation category. Coryton was the winner of the award for its sustainable fuel blending work on producing low greenhouse gas (GHG) emission fuels for use in not only high-performance racing applications but also for regular road-going use too. The award was accepted by Coryton’s CEO Nick Pye.
The Technology and Innovation award is partnered by Ricardo. The win is a reward for Coryton’s years of experience in delivering the products needed to support success in motorsport. Not only in terms of fuel design at the molecular level, but also in providing the exacting quality assurance and logistics support required by teams at the cutting edge of competition. The award underlines Coryton’s success and helps demonstrate that innovations from motorsport can have a positive impact in the wider world.
Speaking at the event MIA CEO Chris Aylett said, “It’s an honour and a privilege to represent so many World-class individuals and organisations. These awards mark the end of an incredible past decade. Advancements in technology have gained unprecedented momentum. With the move to hybridisation, low carbon alternative fuels and electrification, the face of motorsport is changing at a dramatic pace. This year’s finalists have impressed yet again, with their innovation and commitment to move into this new era of motorsport. The MIA would like to congratulate the entire motorsport community for their outstanding drive, passion and commitment to excellence.”