Silverstone has received a 10-year extension to its contract to host the British Grand Prix Formula One race.

The racetrack in Buckinghamshire and Northamptonshire will now host a round of the F1 championship until 2034.

The last contract between F1 and Silverstone signed in 2019 had been due to expire at the end of the upcoming 2024 season, but the extension will keep the British Grand Prix on the calendar long-term. Only Bahrain and Australia of the existing circuits have longer contracts to stay on the F1 calendar.

Silverstone has previously hosted 58 F1-era Grand Prix, including the very first ever Formula One race in May 1950. After hosting the first 5 UK rounds, it co-hosted the British Grand Prix with Aintree and Brands Hatch in alternating years between 1955 and 1986, but since 1987, it has been the exclusive UK venue, and also hosted 2 rounds in the covid-affected 2020 season.

In a statement, Peter Digby, Chairman of the British Racing Drivers’ Club, spoke of his delight to get the deal signed.

He said, “I am delighted we have secured a 10-year extension to host the Formula 1 British Grand Prix at Silverstone. 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. The 2024 Formula 1 season will start with 9 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.”

Stuart Pringle, Chief Executive Officer, Silverstone, added, “This long-term commitment reflects the importance of the British Grand Prix to Formula 1 and their acknowledgement of our ability to deliver a world-class experience for the British fans who are among the most enthusiastic and knowledgeable in the world. 

“The cheers of support for the home teams, and particularly for the British drivers on the grid, makes the Silverstone atmosphere unique and I am looking forward to harnessing this passion for our sport and taking the event to the next level in the coming decade.”

Stefano Domenicali, President and CEO of Formula 1, also said, “I am delighted to announce that the British Grand Prix will remain on the calendar for ten more years with this agreement. 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 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.”