Silverstone to host British Grand Prix until 2024

The FIA on Wednesday announced that Silverstone will continue as the British Grand Prix venue until at least the end of 2024.

File Photo of the Formula One Grand Prix of Great Britain at Silverstone in Northampton, England.   -  Getty Images

Ahead of Sunday's Formula 1 British Grand Prix 2019, the FIA on Wednesday announced that Silverstone will continue as the competition's venue until at least the end of 2024. The announcement was made after a five-year agreement between Formula 1, the British Racing Drivers’ Club and Silverstone Circuit was signed on Tuesday in London.

“We are really pleased to confirm that the British Grand Prix will stay on the FIA Formula 1 World Championship calendar for at least the next five years, with the event remaining at its longstanding home, Silverstone circuit,” said Chase Carey, Formula 1 Chairman and CEO.

“We have always said that, if it is to have a long-term future, our sport must preserve its historic venues and Silverstone and Great Britain represent the cradle of this sport, its starting point back in 1950. Today, Formula 1 is a global sport, held on five continents, watched by an audience of over 500 million fans around the world and our aim is to grow this number by bringing the sport we love to new countries, while also maintaining its roots: Silverstone and the British Grand Prix are an integral part of that vision.”

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Seven of the ten teams competing in the Formula 1 are based in the UK while the championship features the largest contingent of British drivers in defending champion Lewis Hamilton, Lando Norris and George Russell.

“The British Grand Prix at Silverstone is rightly recognised as one of the highlights of both the F1 championship and the annual British sporting calendar," said Stuart Pringle, Managing Director of Silverstone Circuits Limited.

Sebastian Vettel will look to make it two British GPs in a row on Sunday after beating Lewis Hamilton to the title in 2018. Hamilton will aim for a record sixth win at at Silverstone after finishing second despite taking the pole position last year.