Formula 1 CEO Stefano Domenicali has expressed strong confidence in the long-term future of the British Grand Prix at Silverstone, stating his belief that the historic circuit will remain on the sport`s calendar “forever.” This declaration comes as Domenicali prepares for a significant meeting with UK Prime Minister Sir Keir Starmer in Downing Street.
The sentiment underscores the enduring importance of the British race, often considered a cornerstone event in the Formula 1 season. Silverstone recently secured its place with a new 10-season agreement that runs until 2034, a deal reportedly valued at £300 million, solidifying its position for the next decade.
Ahead of the upcoming race weekend – which sees British driver Lando Norris looking to build on recent success – Domenicali highlighted Silverstone`s unique qualities. He remarked that there is “no other place where you can develop such a huge event in the UK,” reinforcing the track`s irreplaceable status.
The meeting with the Prime Minister isn`t merely a courtesy call. Domenicali intends to leverage the opportunity to emphasize the substantial contribution of the motorsport industry to the UK economy. With seven of the ten Formula 1 teams based in the UK, the sector is estimated to contribute an impressive £12 billion annually and directly employs around 6,000 people in F1 alone. Domenicali plans to present these figures to illustrate the sport`s economic weight.
Furthermore, crucial practical matters are on the agenda. Domenicali is expected to press the case for necessary infrastructure improvements surrounding the Silverstone circuit. Anyone who has navigated the roads on a British GP weekend might appreciate the potential bottlenecks. Ensuring smooth access for hundreds of thousands of fans and personnel is vital for the event`s continued success and growth.
Another key topic for discussion is the impact of Britain`s departure from the European Union, specifically regarding visa and movement complications for F1`s international workforce. Formula 1 relies on a diverse team of specialists, technicians, and support staff who travel globally. Domenicali aims to address these post-Brexit logistical hurdles, stressing that movement should not be restricted for individuals essential to delivering a Grand Prix weekend.
In addition to domestic concerns, Domenicali also touched upon the global calendar, mentioning contingency plans for the final two races of the season scheduled in Qatar and Abu Dhabi in December. Amidst regional political tensions, F1 is monitoring the situation closely and remains in daily contact with promoters. While hopeful that alternative arrangements won`t be necessary, Domenicali confirmed that plans are in place, acknowledging the fast-changing geopolitical landscape and the need for readiness, even for events months away.
The upcoming British Grand Prix promises to be a focal point not just for the racing action on track but also for discussions behind the scenes, ensuring that Silverstone remains a permanent and thriving fixture in the pinnacle of motorsport.
