THE owners of Donington Park, in Derbyshire, say they are "proud and delighted" the British Grand Prix is moving to the circuit from 2010.
Circuit owners and joint CEO's, Simon Gillett and Lee Gill said: "We are naturally delighted and extremely proud to have acquired the rights to bring Formula One back to Donington Park from 2010.
"At the beginning of last year when we acquired the circuit and its substantial lands, we made clear our commitment towards realising the full potential of the Park by making the necessary investments in current and future events that will see Donington revitalised ensuring its leading position as one of the most iconic racing circuits in the world.
"To that end, we have now entered a new and exciting chapter in the development of the Park and one that will bring significant investment and regional development while securing the future of one of the most important and significant sporting events in Britain."
Donington Park last hosted a Formula 1 event in 1993 when it held the European Grand Prix.
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