Caterham SP300.R at 2012 Cholmondeley Pageant of Power

We don't envy the British for many things – certainly little in the dental or gastronomical fields – but they do know how to put on a car show, we'll give them that. While the conventional London Auto Show may not be at the same level as the shows in Frankfurt, Paris or Geneva, the English take things one step further with moving expositions that put any other to shame. Forget Top Gear Live, we're talking about the Goodwood Festival of Speed that's coming up soon, and the Cholmondeley Pageant of Power that just concluded.

Dubbed the Goodwood of the North, Cholmondeley is built around a similar idea: take some drool-enducing supercars and race them up the hill on the grounds of an old castle. This year's event included Astons Martin, Bentleys, Bugattis and Lamborghinis aplenty. But the fastest vehicle there was a Caterham.

Beating the 62.68 lap record set by Lamborghini in 2010, the Caterham SP/300.R set a new record at 61.89 seconds. Granted, it's not worth quite the same in bragging rights as, say, a Nurburgring or Laguna Seca lap record, but all things being equal, it shows just what Caterham and Lola's new track car is capable of.

In case your unfamiliar with Cholmondeley, scroll down to watch a video of the hill climb from this year's event being run in a Radical SR3 SL.

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LAP RECORD SMASHED BY CATERHAM AT PAGEANT OF POWER

- Caterham's SP/300.R takes overall win
- Achieves fastest ever lap of 61.89 seconds

Caterham's 300bhp SP/300.R took on all comers and delivered the fastest lap for a car during the Cholmondeley Pageant of Power, the annual show held in the grounds of Cholmondeley castle.

A collection of the world's most expensive and fastest supercars, including models from Aston Martin, Bentley, Bugatti, Lamborghini and the Ariel Atom V8 500, competed head-to-head in various classes during the three day event, which also featured fully-fledged race cars and classic Formula 1 vehicles.

Caterham's first new model in more than 15 years demonstrated just some of its potential by shattering the previous lap record of 62.68 set by Lamborghini in 2010.

The new Caterham competed against other ultra fast British-built vehicles including the BAC Mono, Ariel Atom V8 500 and Radical SR3 SL, which were all vying to take the overall win and fastest lap.

The new lap record for the 1.2 mile course, which previously stood at 62.68 seconds, was completed in 61.89 seconds by Caterham Drive Experience instructor, Scott Mansell.

Andy Noble, Caterham Cars Sales and Marketing Director, said: "The Cholmondeley Pageant of Power has been growing in statue for several years now and it is a truly excellent event, anybody who's anybody is here and that is partly why it is so satisfying to take the lap record and secure the fastest time for a car around this beautiful circuit.

"Even with other exotic and extremely quick vehicles on track, we were quietly confident but we weren't necessarily expecting to take the outright lap record in conditions which were less than ideal; it was very wet at times and nobody got any fully dry running."

The recently for sale supercharged racer, created in partnership with Lola Cars, sits alongside the legendary Seven in Caterham's product portfolio, remaining true to its lightweight, minimalist DNA to deliver thrilling performance.

For more information about the Caterham SP/300.R, visit www.caterham-spr.com.