Formula 1 Racing

Silverstone announces new, 10-year Formula 1 grand prix deal · RaceFans

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Silverstone has announced it has extended its Formula 1 contract for another 10 years.

The British venue, which held the first round of the world championship in 1950, will see the final race of its current contract take place this year. Its extension ensures Silverstone will remain on the F1 calendar until at least 2034.

The deal is the latest in a series of long-term contract F1 has announced with race promoters. Last year it also announced a 10-year deal with the promoter of a new street race in Madrid which will join the calendar in 2026.

The race is organised by the British Racing Drivers’ Club. Its chairman Peter Digby said “this contractual security will provide a solid base for the further development of the venue as we continue to improve and transform the circuit into a year-round international motorsport and leisure destination.”

Four of the 20 drivers who will compete the upcoming season either race under British licences or were born in Britain: Lewis Hamilton, George Russell, Lando Norris and Alexander Albon.

“The 2024 Formula 1 season will start with nine BRDC Full and Honorary members on the grid and the importance of our continued support of young drivers is particularly evidenced by the success of Lewis, Lando, George and Alex,” Digby added.

F1 CEO Stefano Domenicali said “Silverstone is an iconic venue at the heart of F1 history and as it approaches its ninth decade hosting grands prix, the event continues to attract fans from around the world for fantastic racing on track and the amazing fan experience off it.”

“I would like to thank [Silverstone CEO] Stuart Pringle and the Silverstone team for their hard work and dedication to take the British Grand Prix to new heights and I look forward to working closely with them as they look to further improve the facilities and fan experience over the next ten years.”

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