Bloodhound project comes to a halt
The supersonic car, set to beat the existing land speed world record, has been put up for sale following insufficient funding for the project.
Monday, 10 Dec 2018 10:10 GMT
The supersonic vehicle was wrapped by Press On last year
The Bloodhood was wrapped by wide-format firm Press On last year, and supporters of the project paid to have their names included on the wrap design. The firm wrapped the fin in Avery MPI1104EA cast white vinyl, printed using a HP Latex 570.
It was set to break the record in South Africa next year, but the Bristol-based team behind the project could not secure enough investment to finish the project.
Despite overwhelming public support, and engagement with a wide range of potential and credible investors, it has not been possible to secure a purchaser for the business and assets”
Now on sale for the same price as a Ferrari (£250,000), driver Andy Green said the main structure of the car was complete but more funding is needed to get it back on the road following tests at Newquay Airport in Cornwall. The Bloodhound, built with a Rolls Royce Eurofighter jet engine bolted to a rocket, hit test speeds of 200mph on the runway in 2017.
Joint administrator Andrew Sheridan told the BBC: “Despite overwhelming public support, and engagement with a wide range of potential and credible investors, it has not been possible to secure a purchaser for the business and assets.
“We will now work with key stakeholders to return the third-party equipment and then sell the remaining assets of the company to maximise the return for creditors."
Update: Since this article was published, news has arrived that the Bloodhound project has been saved by a British entrepreneur with a background in automotive engineering.
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