Silverstone Secures Five Year Extension to Formula 1 British Grand Prix
Today Silverstone Circuits, the British Racing Drivers Club (BRDC) and Formula 1 announced that the British Grand Prix will remain at the venue until 2024. This deal secures the future of the British Grand Prix and ensures that Silverstone remains its home for a further five years, beyond its current 17 year tenure.
Stuart Pringle, Managing Director of Silverstone said, “The British Grand Prix at Silverstone is rightly recognised as one of the highlights of both the F1 championship and the annual British sporting calendar. This is thanks to our track being one of the greatest drivers’ circuits in the world but also the enormous passion for motor racing that exists in the loyal and knowledgeable fans that we have in this country. The prospect of not hosting a grand prix at Silverstone would have been devastating for everyone in the sport and I am delighted that we are here today, on the eve of what is sure to be a fantastic event, making this positive announcement about the future.”
F1 CEO Chase Care explained, “”We are really pleased to confirm that the British Grand Prix will stay on the FIA Formula 1 world championship calendar for at least the next five years, with the event remaining at its longstanding home, Silverstone circuit. 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.”
David Richards, chairman of Motorsport UK, commented, “I am delighted at this news. Not just for Silverstone and the BRDC, but for motorsport in the UK and, most importantly, fans of the sport. Silverstone is synonymous with Formula 1 and part of the championship’s DNA. Since the drivers’ championship was first awarded in 1950, the UK has delivered ten Formula 1 champions in 17 different years. The UK is home to the engineering excellence that delivers these champions and eight of ten teams have a presence in the UK. It made no sense not to have a championship round in the UK, when the UK is so central to the fabric of the championship. It is tremendous that the legion of fans in the UK will be able to continue to enjoy first-hand the spectacle that is the pinnacle of our sport.”