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The University of Wolverhampton Racing Team (UWR) has secured a sponsorship boost of £200,000 from local business, Highclear Investments, allowing the student-led race team to compete in a brand-new motor racing Championship this season.
After a successful year of racing in 2021 that saw UWR crowned Formula 3 Cup Class champions, the team will now be competing in the 2022 Praga Cup following a substantial investment in a new Praga car and branded infrastructure from a Midlands-based firm, led by local businessman and philanthropic entrepreneur, Walter Gleeson.
Walter, who co-founded musicMagpie with Steve Oliver in 2007, set-up Highclear Investments in mid-2021 with his wife, Alexa Gleeson, as a private commercial vehicle to invest in business opportunities within the Midlands & Shropshire regions and across the UK as well as to support various philanthropic causes for which they both share a deep passion.
The sponsorship boost provided by Highclear will mean that the team will now compete in the maiden Praga Cup competition, a single-make racing series that will be part of the UK’s prestigious Britcar racing package. You can read more on this and the accompanying video below:
The new £9 million Cyber Quarter – Midlands Centre for Cyber Security based at Skylon Park on the Herefordshire Enterprise Zone was officially opened on Monday 6 December 2021
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The centre is a joint venture between the University of Wolverhampton and Herefordshire Council and is part-funded by the Government’s Local Growth Fund, via the Marches Local Enterprise Partnership (LEP) and the European Regional Development Fund (ERDF).
Read the press release here.. View the images from the official opening