The proposal for redevelopment at Silverstone circuit took a major boost this week after plans were passed by South Northamptonshire Council’s Cabinet Committee.
The main reason for the redevelopment is to try to retain the Formula 1 British Grand Prix, but competitors and spectators alike would benefit from the improvements if they are accepted when plans are formally submitted.
New facilities proposed for Silverstone include a new pit and paddock, extreme sport and leisure complex, two hotels, a university campus and a Welcome Centre.
New homes near the circuit are also part of the plan to ensure Silverstone retains its position at the forefront of the motorsport industry.
Richard Phillips, Managing Director of Silverstone Circuits Limited said: “With the Development Brief in place we can now complete the preparation of a planning application to bring the circuit facilities into the 21st Century and transform Silverstone into a world leading centre for business, leisure and technology.
“This will ensure the UK remains at the forefront of the motorsport industry and maintain its position as a major regional and national employer.”
The Development Brief, which looks at principles of sustainable development to maximise the social and economic benefits for the local and regional area, had already been passed by Aylesbury Vale District Council.
Robert Brooks, Chairman of circuit owners the British Racing Drivers club added: “Our members are excited about the future of Silverstone and welcome this essential step towards delivering the much needed improvement of facilities on the site.
“The joint decision of the local authorities means we can move forward quickly to protect Silverstone’s status as a global leader and the home of motor racing.”
A planning application for the new pit and paddock facility is currently being finalised and is expected to be submitted in spring 2008.
The British Superbike Championship will head to the Northamptonshire circuit on the weekend of September 26-28, 2008.