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: