SportPesa Racing Point's future state-of-the-art factory will break ground early next year and should be up and running in 2021.
Last winter, the Silverstone-based outfit outlined its plans to provide itself with the infrastructure and tools required by the long-term ambitions of Lawrence Stroll and he fellow investors.
Racing Point team boss Otmar Szafnauer gave an update on how those plans are panning out.
"We should get planning permission in October and have ground-breaking in the first quarter of next year," said the American.
"The plan is to actually move into the new factory in the break of 2021. So, although that won’t come to fruition for another 18 months or so, those plans are happening today."
Twelve months after the pink squad was brought back from the brink, Szafnauer underlined the many changes that have positively impacted the team over the past year.
"The one significant thing is that we don’t suffer with the financial instability that we used to have, at all," stressed Szafnauer.
"That means we can plan our developments on the car. We can plan when we bring upgrades and they actually happen.
"We’ve added about 40 employees. We were at 405 a year ago, now we’re at 445. And if there are good people on the market, we’re interested.
"We’re adding, we’re growing and we want to be more competitive. So, those are our plans going forward – but it takes time. It doesn't happen overnight."
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