David Cameron has made a visit to Caterham’s Leafield Technical Centre, which is located in the British Prime Minister’s constituency of Witney.
The team, which finished 10th in the constructors’ championship last season, moved its factory based from Norfolk to the Oxfordshire site in August 2012.
There are also plans to move the Caterham Group’s roadcar division – Caterham Cars – to the Leafield base, which should create more jobs in the area.
The Prime Minister was given a tour of the factory, visiting the workshops and race bays, meeting employees and inspecting the team’s cars.
He said: “This is the dream investment for any constituency. Caterham F1 is bringing high-end jobs, engineering and manufacturing to West Oxfordshire. Not only will it create jobs but it will be a real boost to our local economy.
“On a national scale, it is great to see Britain designing and selling more cars. It is businesses like this which are helping to lift our economy out of a very difficult time and making sure that Britain thrives in the global race. I am so excited to welcome this great business to Leafield and I wish them every success.”
Tony Fernandes, Caterham Group co-chairman said: “It was an honour to give Mr Cameron a tour of Leafield Technical Centre and to demonstrate the cutting edge technology and innovative thinking that is at the heart of Caterham Group.
“Representatives from each of the arms of Caterham Group were on hand to demonstrate to Mr Cameron how Caterham Cars, Caterham Technology and Innovation (CTI) and Caterham Composites are setting new standards for innovative thinking and cutting edge technology across a wide range of industries.
“Caterham Cars and Caterham Technology and Innovation are now working in close partnership with Renault to produce a new range of sportscars that will soon showcase our world class technology to automotive customers worldwide.
“CTI and Caterham Composites are also in a very exciting phase of their development. Both companies are working across a wide range of industries, including automotive, aircraft, marine, sports and leisure, bringing their specialist knowledge of innovative technological solutions and composite materials to set new standards in their fields.”
The Caterham F1 team enter the 2013 season with two new drivers – Charles Pic, who moved from Marussia, and Giedo van der Garde, who was promoted from reserve driver.
Caterham launched their new car – the CT03 – late last month but were told this week by the sport’s governing body, the FIA, that extra bodywork at the rear of the exhaust is considered to be illegal.