Steps are being taken to save the fate of Hockenheim as the host of the German Grand Prix, in the wake of increasing speculation that the race will soon fall off the Formula 1 calendar due to a lack of funds and mounting losses running into millions of pounds per year.

The grand prix is currently alternating between Hockenheim and the N?rburgring, with the latter due to welcome the top flight this year, and the former in 2010. Unless sufficient money is raised by mid-March, however, it is understood that Hockenheim may disappear from next year's schedule.

In a bid to combat that, the Financial Times Deutschland is reporting that the administration of the local Rhine-Neckar region in the south west of the country has offered 20,000 tickets to the event in a letter to thousands of local companies urging them to support the race.

The buyers of the tickets, it is stated, will be housed in a new grandstand, to be built at the Baden-W?rttemberg circuit.