The British Grand Prix and Silverstone
In order to help secure retention of the Formula One British Grand Prix at Silverstone, Ministers gave assurances to the Federation Internationale de L'automobile (FIA) World Council that a suitable transport infrastructure would be in place for the 2002 event.
The Secretary of State for Transport, Local Government and the Regions gave his direction in February 2002 to accelerate work on the Silverstone Bypass. Contractors Costain-Skanska Joint Venture are working to this aim.
These works ensured that traffic movements were vastly improved for the 2002 race and secured the future of the event at Silverstone.
Discussions about the long term development of Silverstone are ongoing. The Government wants a strong motor sports industry and while it supports the proposals in principle, it needs to be clear on what the return will be.