Jenson Button, 2009 F1 World Champion:

"It's fantastic news, not only for British fans but for the sport as a whole. A season without the British Grand Prix was unthinkable. On a personal level it means a huge amount, as I now know I'll be racing in the UK as part of my title defence, which I cannot wait for!"

Murray Walker, former BBC F1 commentator who has attended every British Grand Prix in history:

"Without recognising its history and heritage, Formula 1 would be just showbusiness and men following the money. While the new circuits have fabulous facilities, Formula 1 must never forget that it needs traditional race circuits like Spa in Belgium, Monza in Italy and Silverstone.

"Drivers and spectators love Silverstone; it's demanding and challenging and the fastest circuit on the calendar. I'm quite sure the good news that the race is to be saved will allow the BRDC to unlock their money box and, with investment from new sponsors, be in a position to upgrade the pits, paddock and circuit as Bernie has always demanded they should do."

Martin Brundle, BRDC member and BBC F1 commentator:

"It's brilliant news. I kind of assumed it would happen in the end because everybody wants the same thing. Of course we want the new circuits around the globe that are different, but they have to be balanced out with the history and heritage of places like Silverstone. We now have to look to the British public to rush in and buy some tickets."

Martin Whitmarsh, McLaren-Mercedes team principal:

"The FIA Formula 1 World Championship wouldn't be complete without a race in Great Britain, so the announcement is good news for every Formula 1 team and for the millions of grand prix fans who understand the importance of a British Grand Prix to the fabric of world motorsport.

"From the perspective of McLaren-Mercedes, we are now tremendously looking forward to the race. With Jenson and Lewis [Hamilton], our two British world champions, we will travel to Silverstone knowing that the focus will be on us to perform - and we want to provide the best show we can for the many thousands of supporters who will be cheering their national heroes throughout the weekend."

Gordon Brown, British Prime Minister:

"Silverstone, the first racing track to have a world championship race in 1950, will now have for another 17 years the British Grand Prix. I believe all those who have contributed to that success and to that announcement deserve our praise. It puts Britain right at the centre of world racing for 17 years to come. Thank you all for what you've achieved."