Pic credit: Silverstone Circuits Limited

Silverstone secures British Grand Prix

Silverstone has agreed a 17 year deal to host the British Grand Prix from 2010, with work expected to begin on upgrading the pit lane and paddock early in the new year.

Talks resumed between Formula One Management (FOM) and the circuit after Donington Park failed to come up with necessary funding.

“The British Grand Prix is an important cornerstone of Formula 1,” managing director at the circuit Richard Phillips said. “[With] five year deals [we’ve] never been able to get the investment we needed to redevelop but 17 years gives us the ability to move forward.”

“This will ensure the British Grand Prix is included on the calendar for many years to come, which is something I’ve always wanted,” F1 boss Bernie Ecclestone said. “Now everyone can look forward to next summer at Silverstone.”

The contract is believed to include a 10 year break clause for either side.

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