Investors needed to keep circuit on the right track
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The British Racing Drivers' Club, owner of Silverstone circuit, admit they have "given up going to the Government, cap in hand," seeking funding to keep the venue at the forefront of international motor racing.
But as the British Grand Prix is run for the first time under the second phase of a dramatic £32m redevelopment, which includes the distinctive "Wing" pit building, they are seeking investors as they plan the third phase. This will embrace at least two on-site hotels, a heritage centre and development of an entertainment infrastructure aimed at generating a 500,000 boost in annual visitors and alleviating periods when attendance figures dip. Silverstone managing director Richard Phillips said: "We cannot stay still as a business, otherwise we will be killed."
Stuart Rolt, chairman of the BRDC, added: "We are seeking investor partners to move forward with the next part of the development, which should go before planning authorities at the end of the month. But we have stressed via a legally binding proviso that Silverstone must always be a centre for motor racing."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments