The most famous F1 headquarters in the world has been put up for sale as McLaren looks to tie down a buyer for its Technology Centre in Woking to provide a cash injection amid the Covid-19 crisis.

McLaren had to make 1200 workers redundant after falling sales, production freezes and cancelled motor-sport events. It also agreed a £150m loan from the National Bank of Bahrain to balance its books. Despite the MTC being put up for sale, McLaren has no plans to relocate and is instead seeking to lease the centre back.

The sale is expected to raise £200m, and McLaren could also look to borrow a further £275m against its collection of historic cars based within the centre. The MTC itself gained global recognition thanks to its Bond villain-esque design, and has been McLaren’s base since it was built in 2004. While it may seem like selling the family silver, a McLaren spokesperson insisted, “We plan to emerge from this as an efficient, sustainable business with a clear course for returning to growth.”