Silverstone gets five-year reprieve

The British Grand Prix will be at Silverstone for the next five years after a deal was signed today between Formula One and the circuit’s owners.

The agreement brings to an end months of uncertainty and acrimony between the British Racing Drivers’ Club (BRDC) and Bernie Ecclestone’s F1 organisation.

A formal announcement has yet to be made but it is understood the agreement was signed by the two parties late this morning.

British Sports minister Richard Caborn, who has done much of the work to bring the two sides together after the British Grand Prix was left off the provisional Formula One calendar in October, welcomed the news.