MotorSport Vision and Jonathan Palmer are set to take over the National Motor Racing Archive after reaching an agreement with current owner and sole archivist Martin Hadwen to ensure they safety and future development of the archive.

The massive archive of motor racing history dates back as far as the 1940's. The archive was founded by Hadwen in 1987 and includes some stunning insights to the UK's motorsport history with numerous amounts of film footage, photographs, and audio recordings.

Some of the more stunning pieces within the archive are copies of Autosport and Motorsport magazine's dating back to the 40's as well as race programmes and tickets.

The collections growth and success has been down to the sole dedication of founder Martin Hadwen, who is now said to be happy fro Jonathan Palmer and the MotorSport Vision group to ensure the collection is safe for years to come.

“I'm sorry to give the archive up but failing health and the fact that it has now outgrown our ability to store it makes this necessity,” said founder Hadwen.

“I am extremely grateful that Jonathan Palmer stepped forward to take this on and develop it further, in the spirit in which it was intended. I trust that you will all continue to support the archive as you have done in the past.”

Jonathan Palmer, Chief Executive of MotorSport Vision, added: “The National Motor Racing Archive is a unique collection of Britain's motorsport history that Martin has worked enormously hard to create and develop for many years, for passion rather than financial gain.

“We're delighted to be taking over his hard work and given the archive's strong links to Norfolk, Snetterton is an ideal home for the collection. We look forward to expanding the archive and continuing as custodians of Martin's great work.”

The collection will now move from its currently location in Watton to Norfolk, near the MotorSport Vision owned Snetterton circuit.