THE owners of Silverstone Racing Circuit are pushing forward with plans to realise the venues full potential.
Last week the British Racing Drivers’ Club (BRDC) announced they had instructed consultants to prepare an information memorandum which will be circulated among potential investors.
The move comes after the circuit won a new lease of life in 2009 when F1 supremo Bernie Ecclestone did a U-turn on his decision to move the race to Donnington.
The subsequent 17 year deal to host motor sport’s premier event paved the way for £10 million loan from Northants County Council and a £26 million of funding from Lloyds TSB The money allowed the BRDC to construct a new pit and paddock complex and change the route of the circuit.
Circuit bosses are now seeking further investment in order to realise the full potential of the 760 acre circuit.
The new pit and paddock complex was the first stage of some ambitious plans which include facilities such as hotels, a hall of fame to celebrate world motor sport, and international and young driver academies, simulation motor sport training, a development and technology park, an enterprise zone, international kart track and off-road facilities.
Stuart Rolt, chairman of the BRDC, said: “The commercial potential of Silverstone and the Estate is significant.
“With the new circuit, new pit and paddock complex and other existing key motor sport developments all funded, the time is right for the BRDC to consider potential investment from third parties who share our vision and can help us realise the full potential of Silverstone more rapidly.”
Mr Rolt said further development could also be a boost to local employment and added: “This is not just an investment in the venue, it is also an investment in the people at Silverstone.
“The circuit has the best and most experienced venue team in the world, running major international events such as the Formula 1 British Grand Prix, FIM Moto GP World Championship and Superbike World Championship – all of which performed well in 2010 – as well as the retail and corporate areas of the business.
“The business continues to grow and is a commercial success.”