Bloodhound's 1,000 MPH Car Project Needs Money

AmiMoJo quotes the Guardian: Plans to build a British jet-powered car to speed at more than 1,000mph through the desert have hit quicksand, after the company behind the Bloodhound project entered administration. The dream of an ultra-fast car to break the land speed record led to the creation of Bloodhound Programme Ltd in 2007, with the idea of also engaging schools and students in engineering. Bloodhound has already built and tested a viable racing car to speeds of 200mph, but the project is in debt and needs to find £25m or face being wound up... Bloodhound said its programme had been a catalyst for research and development, as well as helping interest schoolchildren worldwide in science and engineering, with an associated educational campaign reaching more than 2 million children...

The planned car is a combination of jet, F1 car and spaceship that would cover the length of four and a half football pitches in a second.