MacG Racing Ltd
Sector: Motor Sports/ Engineering
Location: South Derbyshire
MacG Racing is based in Barrow upon Trent, South Derbyshire. It began in 2010 as a motorsport racing team and over the years it has evolved into an engineering business and performance parts supplier becoming fully commercial in 2021 after the pandemic.
The business is a specialist in performance/ track car builds and preparation, engine builds, suspension setup, supply, fitting and set up of race and performance cars. It also provides a design consultancy service.
There are five people in the team and two directors, father and son Richard and Jonathan MacGregor. There’s also a volunteer race team of nine, who are all getting hands-on experience of high-tech competition cars, and a work placement student who attends one day a week.
Challenges faced
Keeping a strict control of cash flow, particularly with the general cost of running a business escalating over recent years has been challenging for the business. MacG Racing were also facing difficulties when it came to recruiting the specialist technicians required to expand its workshop services.
Importing and exporting was also becoming increasingly onerous for the business. Government regulations and requirements were making it more difficult to negotiate the multitude of processes and rules. This red tape and regulations created further pressures constantly looming large over the business.
Solution and Impact
MacG Racing has been supported by Business Adviser, Sonny Lakhani and the Accelerator project. Accelerator is funded by South Derbyshire District Council’s share of the UK Shared Prosperity Fund (UKSPF) and is delivered by East Midlands Chamber.
Sonny has provided one-to-one support around the business growth strategy and general advice on dealing with the growing pains of a micro business. He’s also signposted Richard to other support, grant funding and events.
It was at the Energy Grant Readiness event where Richard heard more about support and funding on carbon reduction and how to prepare an application for the Council’s energy grant. With guidance from Sonny the business successfully applied for an energy grant and was awarded £16,721.
This has contributed to a reduction in its carbon footprint by the installation of air sourced heat pumps, and improved thermal insulation being installed. The result will be a total reduction of around 30% in its carbon footprint, despite employing more people.
MacG Racing was also signposted to the Chamber’s international team who have carried out a free customs audit health check, which among other things, inspects goods and documents relating to customs and international trade.
They have also received marketing support in association with the University of Derby. Accelerator support has had a positive impact on the business.
Richard comments: “We have been improving our professional approach to the administration of our business, resulting in the company being perceived as larger than it is. This has enabled us to expand quicker than we otherwise would have. And we are achieving some economies of scale as a result.”
The business has recruited two new members of staff and are also now advertising for a further technician. It also expects to continue to recruit in the immediate future.
Some of the team have also taken advantage of the funded training through Accelerator including the WordPress Masterclass, 20 Simple Ways to Get your Website Generating more Business and How to Master Digital Display and Video Advertising.
“The support has always been provided promptly and in a courteous and sympathetic manner. It has been a considerable help to us both administratively and financially.”
- Richard MacGregor, Director
This initiative is funded by the UK Government through the UK Shared Prosperity Fund (UKSPF) and delivered by East Midlands Chamber on behalf of South Derbyshire District Council.
Sector: Printing
Sector: Charity
Sector: Tree growing and planting CIC