The Formula One motor-racing championship has today (Wednesday) confirmed that Silverstone will continue to host the British Grand Prix until 2024.
An agreement was signed by F1, Silverstone and the British Racing Drivers’ Club (BRDC) yesterday in London. The deal secures Silverstone’s place on the F1 calendar, with this weekend’s British Grand Prix having been the last race under the previous deal.
Silverstone is one of the most popular circuits on the F1 calendar and has attracted 680,000 fans over the past two years. The circuit hosted the first-ever F1 race in 1950 and has since hosted the British Grand Prix a further 51 times.
Chase Carey, chairman and chief executive of F1, said: “We have always said that, if it is to have a long-term future, our sport must preserve its historic venues and Silverstone and Great Britain represent the cradle of this sport, its starting point back in 1950.
“Today, Formula 1 is a global sport, held on five continents, watched by an audience of over 500 million fans around the world and our aim is to grow this number by bringing the sport we love to new countries, while also maintaining its roots: Silverstone and the British Grand Prix are an integral part of that vision.”
The organisers of the British Grand Prix had recently expressed concerns at F1’s plans to hold an additional race in London amid fears it would undermine the chances of Silverstone retaining its place on the calendar. F1 has plans to hold a race in the Dockland area of East London, just 80 miles from where Silverstone is based in Northamptonshire.
BRDC chairman John Grant said today that it would have been “disastrous for the sport” if an agreement had not been reached for Silverstone to continue hosting the British Grand Prix. Stuart Pringle, managing director of Silverstone Circuits Limited, added that the prospect of Silverstone not hosting a grand prix would have been “devastating”.