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banner Friday, 6 July, 2001, 14:17 GMT 15:17 UK
Ecclestone issues GP warning
Aerial view of Silverstone circuit, Northamptonshire
Silverstone: Set for a 45m transformation
Silverstone's major upgrade must go ahead if Britain is to retain its place in the F1 calendar, says the sport's supremo Bernie Ecclestone.

Ecclestone is funding 15m of the 45m that will be spent on the Northamptonshire track in the next couple of years.

It will be used on a circuit redesign, including the building of a spectacular banked parabolic curve, new pit and paddock facilities, better grandstands and improvements to traffic flow.

"What we are striving to do is make a facility that is as good or better than most of the facilities in the rest of the world," he said.

"The alternative is to move. We want motor racing to stay in Britain.

"If we are not going to do this, we are definitely going to be on our way."

F1 supremo Bernie Ecclestone
Ecclestone: Wants F1 to stay at Silverstone
Ecclestone's Formula One Management company is in partnership in the Silverstone project with the British Racing Drivers' Club, which owns the track, and circuit managers Octagon Motorsports.

BRDC president Sir Jackie Stewart called on the Government to match the 45m investment when he unveiled the vision for Silverstone last month.

The extra money would fund a family attraction with an interactive visitors' centre and museum, as well as a drivers' academy and facilities for technical training.

But Ecclestone is not confident that the Government will plough money into British motorsport.

"I think they will probably say 'these people make enough money out of motor racing so why should we put any money in?'.

"We have already raised enough money to do what we want to do, it is a question of whether we want to do something better."

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20 Jun 01 |  Formula One
Stewart's Silverstone quest
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