A technology supplier to McLaren & Ferrari is to enter European markets after winning a multi-million-pound export contract.
Bristol-based simulation tech provider Dynisma, founded by former Formula 1 engineer Ash Warne, is being supported by UK Export Finance (UKEF), the government’s export credit agency.
With a €3m surety bond issued by NatWest and guaranteed by UKEF’s Bond Support Scheme, Dynisma secured a €10.7m contract with a European client, accelerating the company’s international expansion and bolstering UK growth.
Over the past year, Dynisma has created over 65 high-skilled UK jobs and opened a new 20,000 sq. ft technology campus in Bristol to support its continued growth and expansion into adjacent sectors and new markets.
Dynisma set out to close a critical gap in vehicle development by creating motion simulators with real-world correlation.
This marked a step change in Driver-in-the-Loop simulation, giving automotive manufacturers and race teams access to capabilities once limited to top-tier motorsport. Dynisma now supplies systems to original equipment manufacturers (OEMs) and teams across all major motorsport series, helping reduce physical testing, shorten development cycles, and improve overall efficiency.
Dynisma’s partnership with NatWest and UKEF also includes a General Export Facility (GEF) worth up to around £7.1m. This will give Dynisma access to a range of trade finance facilities designed to support the growth of export volumes.
“Dynisma is a fantastic example of a successful British business that has gone from strength-to-strength through exporting,” said Gareth Thomas, Minister for Exports.
“UKEF’s support enables Dynisma to unlock valuable new financing, which has opened up a new chapter for the company and helped to create new local skilled jobs.”
Graeme Cook, CEO of Dynisma, said: “This support from UKEF and NatWest has played an important part in helping us unlock new global opportunities. It reflects the strength of our technology, our culture, and our people.
“As a team, we’re proud to be flying the flag for British innovation on a global stage and to be helping our customers rethink what’s possible in simulation, development, and performance. This is just the beginning – our platforms have huge potential in adjacent industries, and we’re excited for the road ahead.”