Bloodhound SSC: 1,000mph car secures funding for world record bid

The Bloodhound SSC world record bid is back on after the 1,000mph land speed record car received the investment needed to push forward with its attempt. A shortage of funds had forced the Bristol-based project to go into administration in October, with the company saying it needed around £15 million to continue with the project and break the current record. Earlier this month, administrators of Bloodhound Programme, the company behind Project Bloodhound, announced that efforts to secure the funding had not been successful. Following the announcement, the company said Yorkshire-based entrepreneur Ian Warhurst came forward and agreed to buy the business and its assets for an undisclosed amount. "We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future," Andrew Sheridan, a joint administrator of Bloodhound Programme, said in a statement on Monday.