The BRDC has revealed details of its plan to attract commercial investment to continue the redevelopment of Silverstone.
As the first stage of development – the creation of a new pit and paddock complex – draws to a close, the BRDC has now started to seek additional investment to crated what it feels will become a premier racing destination.
The BRDC has appointed PwC to prepare an information memorandum which will be circulated to appropriately qualified potential investors that are prepared to share the Club's vision and will help develop plans to include facilities such as hotels, a Hall of Fame to celebrate world motor sport, international and young driver academies, simulation motor sport training, a development and technology park, an enterprise zone, international kart track and off-road facilities, all of which will be added to the venue's existing business.
“The commercial potential of Silverstone and the Estate is significant,” BRDC chairman Stuart Rolt said. “With the new circuit, new Pit and Paddock complex and other existing key motor sport developments all funded, the time is right for the BRDC to consider potential investment from third parties who share our vision and can help us realise the full potential of Silverstone more rapidly. The redevelopment of Silverstone will be undertaken under the umbrella of the 'BRDC Members Charter'. This Charter requires that the race circuit is both protected and enhanced. Any developments around the venue and Estate will thus go hand-in-hand with further improvements to the circuit and motor sport facilities.”
The continued redevelopment will also see Silverstone maintain its position as a major employer, creating further jobs in the region.
“This is not just an investment in the venue”, added Rolt. “It is also an investment in the people at Silverstone. The circuit has the best and most experienced venue team in the world, running major international events such as the Formula 1 British Grand Prix, FIM MotoGP World Championship and Superbike World Championship – all of which performed well in 2010 – as well as the retail and corporate areas of the business. The business continues to grow and is a commercial success.”